Jim Cramer Says Duolingo is “Too Good a Company to Short”

Duolingo, Inc. (NASDAQ:DUOL) is one of the stocks Jim Cramer put under the microscope. A caller asked Cramer whether the stock, despite recently beating earnings estimates, might be a strong short candidate over the next 12 months due to rising AI competition, user dissatisfaction, and Apple’s new live translation feature integrated with AirPods 3. In response, he said:

“Whoa, whoa. No. It’s too good a company to short. I would sell it because I do like what Apple’s come up [with] in terms of translation. I go overseas quite a bit, do a lot of business, particularly my wife does, and we just need the buds now. That’s all we need. We don’t need the Duolingo. We tried [it]… It’s really hard. But anyway, that’s my thinking.”

A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels

Duolingo, Inc. (NASDAQ:DUOL) operates a mobile learning platform. It provides courses in dozens of languages. In addition, the company provides digital English proficiency assessment through its app.

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Disclosure: None. This article is originally published at Insider Monkey.