Short Seller Andrew Left's Citron Doubles Down On Duolingo Short, Says Google's AI Tool Changes The Business
I'm PortAI, I can summarize articles.
Activist short seller Andrew Left's Citron Research has reaffirmed its bearish outlook on Duolingo, citing Google's new AI translation tool as a major threat to the company's business model. Citron acknowledged a previous misjudgment but believes Google's innovation will disrupt the language learning market significantly. While Citron remains pessimistic, JPMorgan maintains an Overweight rating on Duolingo, projecting strong revenue growth. Duolingo's stock closed at $514.30, down 2.17% for the day, but has gained 57.82% year-to-date.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments