Munny Tree Trade Alert: 5/22/24

We are entering into a new position today that we see a lot of potential in for the next few weeks. See the details below:

Ticker: DUOL

Name: Duolingo

Entry Price Range: under $195.00 (our entry price was $191.00)

Portfolio Allocation: 6% of our portfolio is allocated to this position

• As a reminder, we allocate our positions evenly. We currently have 13 positions so DUOL is 7%. If we add more positions, this will become diluted to a smaller portion of the portfolio

Why we like it:

• Recent Earning: they recently reported a surprise upside on earnings

• Analyst Upgrades: Recently the stock has been upgraded by analysts. Due to the market being down this week it has not popped as much as normally expected. Price target average is $251 which would represent a 31% gain

• Momentum swinging positive: Despite the market downturn this week the momentum for Duolingo has stayed positive and is primed to swing back up