Duolingo Discount Cash Flow

I decided to use a much slower growth rate to try and be more conservative, since a 40% growth rate is insane.

To dial it back a bit, I have a 20% growth rate for Duolingo:

This puts intrinsic value at $32B, which I don't see as insane.

I wanted to sample around different growth rates..

15% 10-year growth rate: $21B

10% 10-year growth rate: $14B

5% 10-year growth rate: $9.6B

At a current market cap of $7.75B, this makes it a buy to me.

Sentiment: Bullish