<h2>關鍵要點</h2>
<ul>
<li>多鄰國專注於用户增長，目標到 2028 年，這導致了收入和盈利增長的放緩。</li>
<li>這一戰略轉變在長期內應會產生極為積極的結果，使得折價股票現在成為買入的好時機。</li>
<li>根據兩個廣泛使用的指標，該股票價格便宜，這可能為顯著的上漲奠定基礎。</li>
<li>我們更看好的 10 只股票 ›</li>
</ul>
<p>自 2021 年 <strong>多鄰國</strong>（NASDAQ: DUOL）上市以來，我一直關注其股票，但直到今年 3 月才真正購買。當我決定入手時，該股較 2025 年 6 月的歷史高點下跌了超過 79%，而此時大多數投資者都在擔心其業務面臨的兩個潛在逆風。</p>
<p>多鄰國運營着全球最大的數字語言教育平台。管理層最近宣佈了一項計劃，未來幾年將專注於用户增長，這已經導致公司收入和盈利增長的放緩。同時，也有人擔心人工智能（AI）可能會擾亂該平台的成功。</p>
<p><em><strong>人工智能會創造出世界上第一位萬億富翁嗎？</strong> 我們的團隊剛剛發佈了一份關於一家鮮為人知的公司報告，該公司被稱為 “不可或缺的壟斷”，提供 Nvidia 和 Intel 都需要的關鍵技術。<strong>繼續 »</strong></em></p>
<p>就我個人而言，我認為多鄰國重新專注於用户獲取將為股東帶來顯著的長期回報，我也相信人工智能將是其業務的助力，而不是威脅。該股自我最初購買價格約 90 美元以來，已經上漲了 25%，雖然現在宣佈勝利還為時尚早，但我認為未來可能會有更大的上漲空間。</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>圖片來源：The Motley Fool。</p>
<h2>人工智能正在增強學習體驗</h2>
<p>多鄰國的成功源於其移動優先的策略，使語言教育幾乎觸手可及，任何擁有智能手機的人都能參與。此外，其遊戲化和高度互動的課程使學習者保持參與，這是長期變現的關鍵。</p>
<p>截至 2026 年第一季度末（3 月 31 日），多鄰國擁有 5650 萬日活躍用户，比去年同期增長了 21%。其中大多數是免費用户，多鄰國通過廣告對其進行變現，但有 1250 萬用户支付訂閲費以解鎖額外功能，加速他們的學習。</p>
<p>雖然一些投資者認為新的人工智能翻譯工具將使多鄰國的平台變得過時，但該公司正在證明它可以利用這一新技術為自己帶來優勢。</p>
<p>在 2024 年，它推出了一項名為視頻通話的新功能，僅對支付 Super Duolingo 或 Duolingo Max 訂閲的用户開放。該功能使用人工智能驅動的數字化身幫助用户練習外語口語技能，在第一季度，使用該功能的用户平均每人説出的單詞數量比去年同期增加了超過_兩倍_。換句話説，視頻通話已經成為用户參與的巨大助力。</p>
<p>但多鄰國也在後台使用人工智能。該公司在第一季度發佈了 20500 個課程單元，較 2025 年每季度平均 7100 個課程單元大幅增加，這得益於人工智能驅動的自動化。這意味着課程更新頻率更高，以吸引用户迴歸，同時也降低了成本，因為需要撰寫內容的人力減少。</p>
<h2>更快的用户增長對股東可能是好事</h2>
<p>多鄰國在第一季度實現了 2.92 億美元的收入，同比增長 27%。雖然這一增長率相當可觀，但與 2025 年同季度 38% 的增長相比有所放緩。</p>
<p>這是管理層決定優先考慮用户獲取而非變現的一個缺點。作為這一新戰略的一部分，多鄰國向免費用户提供更多基於口語的課程，以吸引更廣泛的受眾。然而，這降低了像視頻通話這樣的僅限訂閲用户的功能的價值，因此收入增長放緩。</p>
<p>收入和盈利往往驅動股票價格，這解釋了為什麼多鄰國在過去一年中失去了如此多的價值。然而，管理層相信，隨着這一戰略轉變，平台的日活躍用户基礎將在未來兩年內幾乎翻倍，達到 1 億。</p>
<p>理論上，用户基礎的擴大將使多鄰國更難被顛覆，從而使其業務在面對競爭威脅時更具防禦性。此外，公司未來將有更多的變現機會，從而帶來更多的收入和利潤。</p>
<p>如果多鄰國在 2028 年重新關注變現，並以與 2025 年相同的速度將免費用户轉化為訂閲用户，那麼我們可以假設其付費用户基礎和年化收入將大致翻倍。換句話説，一旦公司鞏固了其用户基礎，我認為其收入增長可能會重新加速。</p>
<h2>多鄰國的估值留有更多上漲空間</h2>
<p>截至目前，多鄰國股票的市銷率（P/S）僅為 5，這與其自 2021 年上市以來的平均市銷率 15.8 相比，折扣幅度相當大。根據華爾街對 2027 年 13.7 億美元收入的預估（由 Yahoo! Finance 提供），其前瞻性市銷率為 3.8。換句話説，相較於其歷史估值，該股票看起來非常划算。</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>數據來源：YCharts。</p>
<p>根據另一種廣泛使用的估值方法，這隻股票看起來也很便宜。基於公司過去 12 個月的公認會計原則（GAAP）每股收益為 8.74 美元，其股票的市盈率（P/E）僅為 13.1，這一數字是 <strong>標準普爾 500 指數</strong> 市盈率的一半。因此，Duolingo 目前比整體市場便宜得多。</p>
<p>此外，華爾街並不認為管理層的戰略轉變會對公司的底線產生重大影響，因為該股票的前瞻市盈率為 14.1，基於 2027 年的收益預估。</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>數據來源於 YCharts。</p>
<p>總之，儘管自我在 3 月份購買以來，Duolingo 的股票已經反彈了 25%，但仍然看起來很便宜。這讓我有信心未來可能會有更多的上漲空間——但我計劃至少持有到 2028 年，因為我認為那時投資者將獲得最大的回報。</p>
<h2>你現在應該購買 Duolingo 的股票嗎？</h2>
<p>在你購買 Duolingo 的股票之前，請考慮以下幾點：</p>
<p>_Motley Fool Stock Advisor_分析團隊剛剛確定了他們認為現在投資者應該購買的 <strong>10 只最佳股票</strong>……而 Duolingo 並不在其中。這 10 只股票有可能在未來幾年產生巨大的回報。</p>
<p>考慮一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日進入這個名單時……如果你在我們推薦時投資了 1000 美元，<strong>你現在將擁有 469,293 美元</strong>！* 或者當 <strong>Nvidia</strong> 在 2005 年 4 月 15 日進入這個名單時……如果你在我們推薦時投資了 1000 美元，<strong>你現在將擁有 1,381,332 美元</strong>！*</p>
<p>現在值得注意的是，_Stock Advisor_的總平均回報率為 993%——相比之下，標準普爾 500 的回報率為 207%，這是一種市場壓倒性的超額收益。<strong>不要錯過最新的前 10 名單，加入由個人投資者為個人投資者建立的投資社區，獲取_Stock Advisor_的最新信息。</strong></p>
<p><strong>查看這 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回報截至 2026 年 5 月 19 日。</em></p>
<p><em>Anthony Di Pizio 持有 Duolingo 的股份。Motley Fool 持有並推薦 Duolingo。Motley Fool 有披露政策。</em></p>
<p>本文所表達的觀點和意見僅代表作者的觀點和意見，並不一定反映納斯達克公司的觀點。</p>

多鄰國

<p>多鄰國正專注於在 2028 年前實現用户增長，這導致了收入和盈利的暫時放緩。儘管對人工智能干擾的擔憂存在，該公司正在利用人工智能來增強用户參與度和簡化內容創作。隨着日活躍用户的顯著增加以及將免費用户轉化為付費訂閲者的戰略，多鄰國計劃到 2028 年將其用户基礎和收入翻倍，使其目前折扣的股票成為一個有吸引力的投資選擇</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>關鍵要點</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>多鄰國專注於用户增長，目標到 2028 年，這導致了收入和盈利增長的放緩。</li>
<li>這一戰略轉變在長期內應會產生極為積極的結果，使得折價股票現在成為買入的好時機。</li>
<li>根據兩個廣泛使用的指標，該股票價格便宜，這可能為顯著的上漲奠定基礎。</li>
<li>我們更看好的 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>多鄰國</strong>（NASDAQ: DUOL）上市以來，我一直關注其股票，但直到今年 3 月才真正購買。當我決定入手時，該股較 2025 年 6 月的歷史高點下跌了超過 79%，而此時大多數投資者都在擔心其業務面臨的兩個潛在逆風。</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>多鄰國運營着全球最大的數字語言教育平台。管理層最近宣佈了一項計劃，未來幾年將專注於用户增長，這已經導致公司收入和盈利增長的放緩。同時，也有人擔心人工智能（AI）可能會擾亂該平台的成功。</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>人工智能會創造出世界上第一位萬億富翁嗎？</strong> 我們的團隊剛剛發佈了一份關於一家鮮為人知的公司報告，該公司被稱為 “不可或缺的壟斷”，提供 Nvidia 和 Intel 都需要的關鍵技術。<strong>繼續 »</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>就我個人而言，我認為多鄰國重新專注於用户獲取將為股東帶來顯著的長期回報，我也相信人工智能將是其業務的助力，而不是威脅。該股自我最初購買價格約 90 美元以來，已經上漲了 25%，雖然現在宣佈勝利還為時尚早，但我認為未來可能會有更大的上漲空間。</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>圖片來源：The Motley Fool。</p>
</div><h2>AI is enhancing the learning experience</h2>
<div class="lb-trans"><h2>人工智能正在增強學習體驗</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>多鄰國的成功源於其移動優先的策略，使語言教育幾乎觸手可及，任何擁有智能手機的人都能參與。此外，其遊戲化和高度互動的課程使學習者保持參與，這是長期變現的關鍵。</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），多鄰國擁有 5650 萬日活躍用户，比去年同期增長了 21%。其中大多數是免費用户，多鄰國通過廣告對其進行變現，但有 1250 萬用户支付訂閲費以解鎖額外功能，加速他們的學習。</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>雖然一些投資者認為新的人工智能翻譯工具將使多鄰國的平台變得過時，但該公司正在證明它可以利用這一新技術為自己帶來優勢。</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，它推出了一項名為視頻通話的新功能，僅對支付 Super Duolingo 或 Duolingo Max 訂閲的用户開放。該功能使用人工智能驅動的數字化身幫助用户練習外語口語技能，在第一季度，使用該功能的用户平均每人説出的單詞數量比去年同期增加了超過_兩倍_。換句話説，視頻通話已經成為用户參與的巨大助力。</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>但多鄰國也在後台使用人工智能。該公司在第一季度發佈了 20500 個課程單元，較 2025 年每季度平均 7100 個課程單元大幅增加，這得益於人工智能驅動的自動化。這意味着課程更新頻率更高，以吸引用户迴歸，同時也降低了成本，因為需要撰寫內容的人力減少。</p>
</div><h2>Faster user growth could be great for shareholders</h2>
<div class="lb-trans"><h2>更快的用户增長對股東可能是好事</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>多鄰國在第一季度實現了 2.92 億美元的收入，同比增長 27%。雖然這一增長率相當可觀，但與 2025 年同季度 38% 的增長相比有所放緩。</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>這是管理層決定優先考慮用户獲取而非變現的一個缺點。作為這一新戰略的一部分，多鄰國向免費用户提供更多基於口語的課程，以吸引更廣泛的受眾。然而，這降低了像視頻通話這樣的僅限訂閲用户的功能的價值，因此收入增長放緩。</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>收入和盈利往往驅動股票價格，這解釋了為什麼多鄰國在過去一年中失去了如此多的價值。然而，管理層相信，隨着這一戰略轉變，平台的日活躍用户基礎將在未來兩年內幾乎翻倍，達到 1 億。</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>理論上，用户基礎的擴大將使多鄰國更難被顛覆，從而使其業務在面對競爭威脅時更具防禦性。此外，公司未來將有更多的變現機會，從而帶來更多的收入和利潤。</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>如果多鄰國在 2028 年重新關注變現，並以與 2025 年相同的速度將免費用户轉化為訂閲用户，那麼我們可以假設其付費用户基礎和年化收入將大致翻倍。換句話説，一旦公司鞏固了其用户基礎，我認為其收入增長可能會重新加速。</p>
</div><h2>Duolingo's valuation leaves room for more upside</h2>
<div class="lb-trans"><h2>多鄰國的估值留有更多上漲空間</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，多鄰國股票的市銷率（P/S）僅為 5，這與其自 2021 年上市以來的平均市銷率 15.8 相比，折扣幅度相當大。根據華爾街對 2027 年 13.7 億美元收入的預估（由 Yahoo! Finance 提供），其前瞻性市銷率為 3.8。換句話説，相較於其歷史估值，該股票看起來非常划算。</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>數據來源：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>根據另一種廣泛使用的估值方法，這隻股票看起來也很便宜。基於公司過去 12 個月的公認會計原則（GAAP）每股收益為 8.74 美元，其股票的市盈率（P/E）僅為 13.1，這一數字是 <strong>標準普爾 500 指數</strong> 市盈率的一半。因此，Duolingo 目前比整體市場便宜得多。</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，華爾街並不認為管理層的戰略轉變會對公司的底線產生重大影響，因為該股票的前瞻市盈率為 14.1，基於 2027 年的收益預估。</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>數據來源於 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>總之，儘管自我在 3 月份購買以來，Duolingo 的股票已經反彈了 25%，但仍然看起來很便宜。這讓我有信心未來可能會有更多的上漲空間——但我計劃至少持有到 2028 年，因為我認為那時投資者將獲得最大的回報。</p>
</div><h2>Should you buy stock in Duolingo right now?</h2>
<div class="lb-trans"><h2>你現在應該購買 Duolingo 的股票嗎？</h2>
</div><p>Before you buy stock in Duolingo, consider this:</p>
<div class="lb-trans"><p>在你購買 Duolingo 的股票之前，請考慮以下幾點：</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_分析團隊剛剛確定了他們認為現在投資者應該購買的 <strong>10 只最佳股票</strong>……而 Duolingo 並不在其中。這 10 只股票有可能在未來幾年產生巨大的回報。</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>考慮一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日進入這個名單時……如果你在我們推薦時投資了 1000 美元，<strong>你現在將擁有 469,293 美元</strong>！* 或者當 <strong>Nvidia</strong> 在 2005 年 4 月 15 日進入這個名單時……如果你在我們推薦時投資了 1000 美元，<strong>你現在將擁有 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>現在值得注意的是，_Stock Advisor_的總平均回報率為 993%——相比之下，標準普爾 500 的回報率為 207%，這是一種市場壓倒性的超額收益。<strong>不要錯過最新的前 10 名單，加入由個人投資者為個人投資者建立的投資社區，獲取_Stock Advisor_的最新信息。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看這 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 的回報截至 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 持有並推薦 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>本文所表達的觀點和意見僅代表作者的觀點和意見，並不一定反映納斯達克公司的觀點。</p>
</div>

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

在其他人紛紛拋售的時候，我買入了這隻成長型股票，現在它開始帶來回報