Shares of online education company Duolingo (NASDAQ: DUOL) experienced an outstanding 2023, more than doubling from a 52-week low of $116.82 last May. The stock remains not far from its 52-week high of $245.87 reached in December.

With Duolingo's outsize share price growth, does this mean you've missed the boat to buy? Not necessarily -- although it helps to temper your expectations since it's no small feat for shares to double in a year.

The company possesses many characteristics that make it an attractive investment when holding shares for the long haul. To help you evaluate buying the language app maker's stock, let's take a deeper look into Duolingo as a long-term investment.

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Source Fool.com