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Why Is Everyone Talking About Duolingo Stock?
True "Xiaohongshu Concept Stock": Duolingo.
The influx of "foreign TikTok refugees" into Xiaohongshu unexpectedly sparked enthusiasm among Americans to learn Chinese. While the global download volume of the Xiaohongshu app surged, the number of Chinese learners in the USA region of Duolingo increased by 216% year-on-year. With the expansion of the user base, JPMorgan has given Duolingo an "overweight" rating and set the Target Price at $400, which is 14% higher than last Friday's closing price.
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What's Going On With Duolingo Stock Today?
Americans are "angrily learning Chinese"! Language Education Star Stocks: The number of Mandarin learners has surged by 216%.
① The Global language learning platform Duolingo reported that as of January 13, the number of new users from the USA starting to learn Mandarin surged by 216%; ② In the past week, Duolingo's popularity ranking in the USA Apple App Store jumped from 40+ into the top 20.
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