Overview
- Citing Tim Cook’s comments on in-ear translation and his own use of Meta’s glasses, Jim Cramer said he doesn’t see why users would need Duolingo.
- Duolingo forecast fourth-quarter bookings of $329.5 million to $335.5 million, below estimates around $343.6 million reported in the articles.
- Following the Q3 release, Duolingo shares were reported to be down about 26% since the results, with concerns tied to a strategy prioritizing teaching quality over near-term monetization.
- Goldman Sachs maintained a Neutral rating and cut its price target to $250 on November 6, noting cooled user growth versus Q2 and conservative guidance despite strong monetization.
- The commentary and investment takeaways were republished from Insider Monkey on Yahoo Finance and include a ‘Disclosure: None’ statement while promoting alternative AI stock ideas.