A Promising Public Offering: DUOL Duolingo, a provider of language […]
Is DUOL topped out?
Boy do we love being the contrarian!
Especially when our calculated, unpopular outlook leads to outsized gains -- which, to be fair, is typical with contrarian picks.
Maybe that's why we like them so much.
Duolingo (DUOL) is one of our favorite examples of a contrarian play paying off...bigly.
When we issued our bullish buy alert for Duolingo at the end of May, this is what headlines looked like...
But we knew the market reactions to ChatGPT demos and even the company's first quarter report were nearsighted. That AI integrations would only enhance the product at hand, and make it even more sticky.
(You can revisit the report here, at your leisure.)
Now that the stock is trading at all-time highs, is it time to take the other side of the coin?
Data says...
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