Is Duolingo stock a good buy in 2024?

Since its initial public offering (IPO) in 2021, the stock of the language-focused education platform Duolingo (NASDAQ: DUOL) has been on a rocky if generally positive path. Following an initial surge and a subsequent decline, below the initial price, Duolingo shares have spent much of the last three years either trading sideways or slowly gaining ground in the stock market. Despite Duolingo expanding its user base and spending throughout 2023, the platform’s profitability remained closely tied to U.S. cons ...