Down 29%, Is Duolingo a Buy on the Dip?

After tumbling from a peak it set in May, shares of Duolingo (DUOL 2.95%) recently received a positive bump from a Wall Street investment bank that follows its business closely. Nagle also maintained Bank of America's $245-per-share price target on Duolingo stock. This target is significantly lower than several other investment banks but it still implies a gain of about 40% from recent prices. Why Duolingo is a good stock to buy Duolingo's free-to-use smartphone application is gaining popularity at an eye-p ...