<h2>关键要点</h2>
<ul>
<li>多邻国专注于用户增长，目标到 2028 年，这导致了收入和盈利增长的放缓。</li>
<li>这一战略转变在长期内应会产生极为积极的结果，使得折价股票现在成为买入的好时机。</li>
<li>根据两个广泛使用的指标，该股票价格便宜，这可能为显著的上涨奠定基础。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>自 2021 年 <strong>多邻国</strong>（NASDAQ: DUOL）上市以来，我一直关注其股票，但直到今年 3 月才真正购买。当我决定入手时，该股较 2025 年 6 月的历史高点下跌了超过 79%，而此时大多数投资者都在担心其业务面临的两个潜在逆风。</p>
<p>多邻国运营着全球最大的数字语言教育平台。管理层最近宣布了一项计划，未来几年将专注于用户增长，这已经导致公司收入和盈利增长的放缓。同时，也有人担心人工智能（AI）可能会扰乱该平台的成功。</p>
<p><em><strong>人工智能会创造出世界上第一位万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p>就我个人而言，我认为多邻国重新专注于用户获取将为股东带来显著的长期回报，我也相信人工智能将是其业务的助力，而不是威胁。该股自我最初购买价格约 90 美元以来，已经上涨了 25%，虽然现在宣布胜利还为时尚早，但我认为未来可能会有更大的上涨空间。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDY2My90aGUtZHVvbGluZ28tbG9nby1vbi1hLWdyZWVuLXRyYW5zbHVjZW50LWJhY2tncm91bmQucG5nFnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDY2My90aGUtZHVvbGluZ28tbG9nby1vbi1hLWdyZWVuLXRyYW5zbHVjZW50LWJhY2tncm91bmQucG5nFnc9NzAw"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>人工智能正在增强学习体验</h2>
<p>多邻国的成功源于其移动优先的策略，使语言教育几乎触手可及，任何拥有智能手机的人都能参与。此外，其游戏化和高度互动的课程使学习者保持参与，这是长期变现的关键。</p>
<p>截至 2026 年第一季度末（3 月 31 日），多邻国拥有 5650 万日活跃用户，比去年同期增长了 21%。其中大多数是免费用户，多邻国通过广告对其进行变现，但有 1250 万用户支付订阅费以解锁额外功能，加速他们的学习。</p>
<p>虽然一些投资者认为新的人工智能翻译工具将使多邻国的平台变得过时，但该公司正在证明它可以利用这一新技术为自己带来优势。</p>
<p>在 2024 年，它推出了一项名为视频通话的新功能，仅对支付 Super Duolingo 或 Duolingo Max 订阅的用户开放。该功能使用人工智能驱动的数字化身帮助用户练习外语口语技能，在第一季度，使用该功能的用户平均每人说出的单词数量比去年同期增加了超过_两倍_。换句话说，视频通话已经成为用户参与的巨大助力。</p>
<p>但多邻国也在后台使用人工智能。该公司在第一季度发布了 20500 个课程单元，较 2025 年每季度平均 7100 个课程单元大幅增加，这得益于人工智能驱动的自动化。这意味着课程更新频率更高，以吸引用户回归，同时也降低了成本，因为需要撰写内容的人力减少。</p>
<h2>更快的用户增长对股东可能是好事</h2>
<p>多邻国在第一季度实现了 2.92 亿美元的收入，同比增长 27%。虽然这一增长率相当可观，但与 2025 年同季度 38% 的增长相比有所放缓。</p>
<p>这是管理层决定优先考虑用户获取而非变现的一个缺点。作为这一新战略的一部分，多邻国向免费用户提供更多基于口语的课程，以吸引更广泛的受众。然而，这降低了像视频通话这样的仅限订阅用户的功能的价值，因此收入增长放缓。</p>
<p>收入和盈利往往驱动股票价格，这解释了为什么多邻国在过去一年中失去了如此多的价值。然而，管理层相信，随着这一战略转变，平台的日活跃用户基础将在未来两年内几乎翻倍，达到 1 亿。</p>
<p>理论上，用户基础的扩大将使多邻国更难被颠覆，从而使其业务在面对竞争威胁时更具防御性。此外，公司未来将有更多的变现机会，从而带来更多的收入和利润。</p>
<p>如果多邻国在 2028 年重新关注变现，并以与 2025 年相同的速度将免费用户转化为订阅用户，那么我们可以假设其付费用户基础和年化收入将大致翻倍。换句话说，一旦公司巩固了其用户基础，我认为其收入增长可能会重新加速。</p>
<h2>多邻国的估值留有更多上涨空间</h2>
<p>截至目前，多邻国股票的市销率（P/S）仅为 5，这与其自 2021 年上市以来的平均市销率 15.8 相比，折扣幅度相当大。根据华尔街对 2027 年 13.7 亿美元收入的预估（由 Yahoo! Finance 提供），其前瞻性市销率为 3.8。换句话说，相较于其历史估值，该股票看起来非常划算。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzLzY4OGZlMTE4OTA5MTllZGM2MGEyMTgxMDIyYzcwMDYwLnBuZxZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzLzY4OGZlMTE4OTA5MTllZGM2MGEyMTgxMDIyYzcwMDYwLnBuZxZ3PTcwMA"/></p>
<p>数据来源：YCharts。</p>
<p>根据另一种广泛使用的估值方法，这只股票看起来也很便宜。基于公司过去 12 个月的公认会计原则（GAAP）每股收益为 8.74 美元，其股票的市盈率（P/E）仅为 13.1，这一数字是 <strong>标准普尔 500 指数</strong> 市盈率的一半。因此，Duolingo 目前比整体市场便宜得多。</p>
<p>此外，华尔街并不认为管理层的战略转变会对公司的底线产生重大影响，因为该股票的前瞻市盈率为 14.1，基于 2027 年的收益预估。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzL2E0MGFmZDJhODViOWFjNmNjZGZjN2MwZDJhNDI0ZWJhLnBuZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="443" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzL2E0MGFmZDJhODViOWFjNmNjZGZjN2MwZDJhNDI0ZWJhLnBuZyZ3PTcwMA"/></p>
<p>数据来源于 YCharts。</p>
<p>总之，尽管自我在 3 月份购买以来，Duolingo 的股票已经反弹了 25%，但仍然看起来很便宜。这让我有信心未来可能会有更多的上涨空间——但我计划至少持有到 2028 年，因为我认为那时投资者将获得最大的回报。</p>
<h2>你现在应该购买 Duolingo 的股票吗？</h2>
<p>在你购买 Duolingo 的股票之前，请考虑以下几点：</p>
<p>_Motley Fool Stock Advisor_分析团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Duolingo 并不在其中。这 10 只股票有可能在未来几年产生巨大的回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 469,293 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,381,332 美元</strong>！*</p>
<p>现在值得注意的是，_Stock Advisor_的总平均回报率为 993%——相比之下，标准普尔 500 的回报率为 207%，这是一种市场压倒性的超额收益。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_的最新信息。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 5 月 19 日。</em></p>
<p><em>Anthony Di Pizio 持有 Duolingo 的股份。Motley Fool 持有并推荐 Duolingo。Motley Fool 有披露政策。</em></p>
<p>本文所表达的观点和意见仅代表作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>

多邻国

<p>多邻国正专注于在 2028 年前实现用户增长，这导致了收入和盈利的暂时放缓。尽管对人工智能干扰的担忧存在，该公司正在利用人工智能来增强用户参与度和简化内容创作。随着日活跃用户的显著增加以及将免费用户转化为付费订阅者的战略，多邻国计划到 2028 年将其用户基础和收入翻倍，使其目前折扣的股票成为一个有吸引力的投资选择</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>Duolingo is focused on user growth through 2028, which has led to a slowdown in revenue and earnings growth.</li>
<li>This strategy shift should yield extremely positive results over the long term, making the discounted stock a buy now.</li>
<li>The stock is cheap based on two widely used metrics, which could set the stage for significant upside.</li>
<li>10 stocks we like better than Duolingo ›</li>
</ul>
<div class="lb-trans"><ul>
<li>多邻国专注于用户增长，目标到 2028 年，这导致了收入和盈利增长的放缓。</li>
<li>这一战略转变在长期内应会产生极为积极的结果，使得折价股票现在成为买入的好时机。</li>
<li>根据两个广泛使用的指标，该股票价格便宜，这可能为显著的上涨奠定基础。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>I have followed <strong>Duolingo</strong>(NASDAQ: DUOL) stock since it went public in 2021, but I didn't actually buy it until March of this year. It was down by more than 79% from its June 2025 record high when I decided to dive in at a time when most investors were fretting over two potential headwinds for its business.</p>
<div class="lb-trans"><p>自 2021 年 <strong>多邻国</strong>（NASDAQ: DUOL）上市以来，我一直关注其股票，但直到今年 3 月才真正购买。当我决定入手时，该股较 2025 年 6 月的历史高点下跌了超过 79%，而此时大多数投资者都在担心其业务面临的两个潜在逆风。</p>
</div><p>Duolingo operates the world's largest digital language education platform. Management recently announced a plan to focus on user growth for the next couple of years, which has already caused a slowdown in the company's revenue and earnings growth. At the same time, there have been concerns that artificial intelligence (AI) could disrupt the platform's success.</p>
<div class="lb-trans"><p>多邻国运营着全球最大的数字语言教育平台。管理层最近宣布了一项计划，未来几年将专注于用户增长，这已经导致公司收入和盈利增长的放缓。同时，也有人担心人工智能（AI）可能会扰乱该平台的成功。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一位万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p>Personally, I think Duolingo's renewed focus on user acquisition will yield significant long-term rewards for shareholders, and I also believe AI will be a tailwind, not a threat, to its business. The stock has already jumped 25% from my initial purchase price of around $90, and while it's way too early to declare victory, here's why I think significantly more upside could be ahead.</p>
<div class="lb-trans"><p>就我个人而言，我认为多邻国重新专注于用户获取将为股东带来显著的长期回报，我也相信人工智能将是其业务的助力，而不是威胁。该股自我最初购买价格约 90 美元以来，已经上涨了 25%，虽然现在宣布胜利还为时尚早，但我认为未来可能会有更大的上涨空间。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MDY2My90aGUtZHVvbGluZ28tbG9nby1vbi1hLWdyZWVuLXRyYW5zbHVjZW50LWJhY2tncm91bmQucG5nJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F870663%2Fthe-duolingo-logo-on-a-green-translucent-background.png&amp;w=700"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>AI is enhancing the learning experience</h2>
<div class="lb-trans"><h2>人工智能正在增强学习体验</h2>
</div><p>Duolingo's success stems from its mobile-first approach, which puts language education at the fingertips of practically anyone with a smartphone. Plus, its gamified and highly interactive lessons keep learners engaged, which is the key to monetizing them over the long term.</p>
<div class="lb-trans"><p>多邻国的成功源于其移动优先的策略，使语言教育几乎触手可及，任何拥有智能手机的人都能参与。此外，其游戏化和高度互动的课程使学习者保持参与，这是长期变现的关键。</p>
</div><p>Duolingo had 56.5 million daily active users at the conclusion of the first quarter of 2026 (ended March 31), which was up 21% compared to the year-ago period. The majority of them were free users who Duolingo monetizes through advertising, but 12.5 million of them were paying a subscription fee to unlock additional features to accelerate their learning.</p>
<div class="lb-trans"><p>截至 2026 年第一季度末（3 月 31 日），多邻国拥有 5650 万日活跃用户，比去年同期增长了 21%。其中大多数是免费用户，多邻国通过广告对其进行变现，但有 1250 万用户支付订阅费以解锁额外功能，加速他们的学习。</p>
</div><p>While some investors believe new AI-powered translation tools will make Duolingo's platform obsolete, the company is proving it can use this new technology to its advantage.</p>
<div class="lb-trans"><p>虽然一些投资者认为新的人工智能翻译工具将使多邻国的平台变得过时，但该公司正在证明它可以利用这一新技术为自己带来优势。</p>
</div><p>In 2024, it launched a new feature called Video Call, which is only available to users who pay for a Super Duolingo or Duolingo Max subscription. It uses an AI-powered digital avatar to help users practice their foreign language speaking skills, and during the first quarter, the average number of spoken words per user who engaged with the feature more than <em>doubled</em> compared to the year-ago period. In other words, Video Call is already a massive tailwind for engagement.</p>
<div class="lb-trans"><p>在 2024 年，它推出了一项名为视频通话的新功能，仅对支付 Super Duolingo 或 Duolingo Max 订阅的用户开放。该功能使用人工智能驱动的数字化身帮助用户练习外语口语技能，在第一季度，使用该功能的用户平均每人说出的单词数量比去年同期增加了超过_两倍_。换句话说，视频通话已经成为用户参与的巨大助力。</p>
</div><p>But Duolingo is also using AI behind the scenes. The company published 20,500 course units during the first quarter, up significantly from an average of 7,100 per quarter in 2025, thanks to AI-powered automation. This means lessons are added and updated more frequently to keep users coming back, and it also reduces costs because fewer human workers are required to draft content.</p>
<div class="lb-trans"><p>但多邻国也在后台使用人工智能。该公司在第一季度发布了 20500 个课程单元，较 2025 年每季度平均 7100 个课程单元大幅增加，这得益于人工智能驱动的自动化。这意味着课程更新频率更高，以吸引用户回归，同时也降低了成本，因为需要撰写内容的人力减少。</p>
</div><h2>Faster user growth could be great for shareholders</h2>
<div class="lb-trans"><h2>更快的用户增长对股东可能是好事</h2>
</div><p>Duolingo generated $292 million in revenue during the first quarter, which was up 27% year over year. While that was a solid growth rate, it marked a deceleration from the 38% growth the company delivered in the same quarter of 2025.</p>
<div class="lb-trans"><p>多邻国在第一季度实现了 2.92 亿美元的收入，同比增长 27%。虽然这一增长率相当可观，但与 2025 年同季度 38% 的增长相比有所放缓。</p>
</div><p>That is one of the drawbacks of management's decision to prioritize user acquisition over monetization. As part of this new strategy, Duolingo is offering more speaking-based lessons to free users in order to appeal to a wider audience. However, this diminishes the value of subscription-only features like Video Call, hence the slower revenue growth.</p>
<div class="lb-trans"><p>这是管理层决定优先考虑用户获取而非变现的一个缺点。作为这一新战略的一部分，多邻国向免费用户提供更多基于口语的课程，以吸引更广泛的受众。然而，这降低了像视频通话这样的仅限订阅用户的功能的价值，因此收入增长放缓。</p>
</div><p>Revenue and earnings tend to drive stock prices, which explains why Duolingo shed so much value over the past year. However, management believes the platform's daily active user base will almost double to 100 million over the next two years as a result of this strategy shift.</p>
<div class="lb-trans"><p>收入和盈利往往驱动股票价格，这解释了为什么多邻国在过去一年中失去了如此多的价值。然而，管理层相信，随着这一战略转变，平台的日活跃用户基础将在未来两年内几乎翻倍，达到 1 亿。</p>
</div><p>In theory, a larger user base will make Duolingo harder to disrupt, thus making its business more defensible against competitive threats. Plus, the company will have more prospects to monetize in the future, leading to more revenue and profit.</p>
<div class="lb-trans"><p>理论上，用户基础的扩大将使多邻国更难被颠覆，从而使其业务在面对竞争威胁时更具防御性。此外，公司未来将有更多的变现机会，从而带来更多的收入和利润。</p>
</div><p>If Duolingo turns its attention back to monetization in 2028 and converts free users into subscribers at the same rate as it did in 2025, then we can assume its paying user base and annualized revenue would roughly double from current levels. In other words, once the company has fortified its user base, I think its revenue growth could reaccelerate.</p>
<div class="lb-trans"><p>如果多邻国在 2028 年重新关注变现，并以与 2025 年相同的速度将免费用户转化为订阅用户，那么我们可以假设其付费用户基础和年化收入将大致翻倍。换句话说，一旦公司巩固了其用户基础，我认为其收入增长可能会重新加速。</p>
</div><h2>Duolingo's valuation leaves room for more upside</h2>
<div class="lb-trans"><h2>多邻国的估值留有更多上涨空间</h2>
</div><p>Duolingo stock is trading at a price-to-sales (P/S) ratio of just 5 as I write this, which is a steep discount to its average of 15.8 since going public in 2021. It's also trading at a forward P/S ratio of 3.8, based on Wall Street's $1.37 billion revenue estimate for 2027 (supplied by Yahoo! Finance). In other words, the stock looks like a bargain relative to its historical valuation.</p>
<div class="lb-trans"><p>截至目前，多邻国股票的市销率（P/S）仅为 5，这与其自 2021 年上市以来的平均市销率 15.8 相比，折扣幅度相当大。根据华尔街对 2027 年 13.7 亿美元收入的预估（由 Yahoo! Finance 提供），其前瞻性市销率为 3.8。换句话说，相较于其历史估值，该股票看起来非常划算。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzLzY4OGZlMTE4OTA5MTllZGM2MGEyMTgxMDIyYzcwMDYwLnBuZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fmedia.ycharts.com%2Fcharts%2F688fe11890919edc60a2181022c70060.png&amp;w=700"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>The stock also looks cheap by another widely used valuation method. Based on the company's trailing-12-month generally accepted accounting principles (GAAP) earnings of $8.74 per share, its stock is trading at a price-to-earnings (P/E) ratio of just 13.1, which is <em>half</em> the P/E ratio of the <strong>S&amp;P 500</strong> index. So, Duolingo is much cheaper than the broader market right now.</p>
<div class="lb-trans"><p>根据另一种广泛使用的估值方法，这只股票看起来也很便宜。基于公司过去 12 个月的公认会计原则（GAAP）每股收益为 8.74 美元，其股票的市盈率（P/E）仅为 13.1，这一数字是 <strong>标准普尔 500 指数</strong> 市盈率的一半。因此，Duolingo 目前比整体市场便宜得多。</p>
</div><p>Moreover, Wall Street doesn't expect management's strategy shift to have a major impact on the company's bottom line, because the stock trades at a forward P/E ratio of 14.1 based on 2027 earnings estimates.</p>
<div class="lb-trans"><p>此外，华尔街并不认为管理层的战略转变会对公司的底线产生重大影响，因为该股票的前瞻市盈率为 14.1，基于 2027 年的收益预估。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vbWVkaWEueWNoYXJ0cy5jb20vY2hhcnRzL2E0MGFmZDJhODViOWFjNmNjZGZjN2MwZDJhNDI0ZWJhLnBuZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fmedia.ycharts.com%2Fcharts%2Fa40afd2a85b9ac6ccdfc7c0d2a424eba.png&amp;w=700"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源于 YCharts。</p>
</div><p>In summary, Duolingo stock still looks cheap despite its 25% bounce since my purchase in March. That gives me confidence that more upside might be ahead -- but I plan to hold until at least 2028, because I think that's when investors will yield the biggest rewards.</p>
<div class="lb-trans"><p>总之，尽管自我在 3 月份购买以来，Duolingo 的股票已经反弹了 25%，但仍然看起来很便宜。这让我有信心未来可能会有更多的上涨空间——但我计划至少持有到 2028 年，因为我认为那时投资者将获得最大的回报。</p>
</div><h2>Should you buy stock in Duolingo right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 Duolingo 的股票吗？</h2>
</div><p>Before you buy stock in Duolingo, consider this:</p>
<div class="lb-trans"><p>在你购买 Duolingo 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Duolingo wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>_Motley Fool Stock Advisor_分析团队刚刚确定了他们认为现在投资者应该购买的 <strong>10 只最佳股票</strong>……而 Duolingo 并不在其中。这 10 只股票有可能在未来几年产生巨大的回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $469,293</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,381,332</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 469,293 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,381,332 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 993% — a market-crushing outperformance compared to 207% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，_Stock Advisor_的总平均回报率为 993%——相比之下，标准普尔 500 的回报率为 207%，这是一种市场压倒性的超额收益。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_的最新信息。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of May 19, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 5 月 19 日。</em></p>
</div><p><em>Anthony Di Pizio has positions in Duolingo. The Motley Fool has positions in and recommends Duolingo. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Anthony Di Pizio 持有 Duolingo 的股份。Motley Fool 持有并推荐 Duolingo。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>本文所表达的观点和意见仅代表作者的观点和意见，并不一定反映纳斯达克公司的观点。</p>
</div>

I Bought This Growth Stock When Everyone Else Was Selling, and It's Starting to Pay Off

在其他人纷纷抛售的时候，我买入了这只成长型股票，现在它开始带来回报