Duolingo stock saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 93 the day before. The mobile learning platform stock rocks a 97 Relative Strength Rating.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Duolingo stock broke out of a double bottom base last Friday and is trading within a buy range from a 162.20 entry. Duolingo stock was last Friday's IBD Stock Of The Week. Check it out here.
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One weak spot is the company's 74 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Duolingo Sees Rising Revenue Growth
In Q2, the company posted 0% earnings growth. Top line growth climbed 44%, up from 42% in the prior quarter. That marks one quarter of rising revenue growth.
Duolingo stock holds the No. 2 rank among its peers in the Computer Software-Education industry group. Coursera is the No. 1-ranked stock within the group.
