Coupang Inc. received a "Moderate Buy" rating, reported earnings beating estimates, and insider/institutional investors increased stakes.
Coupang Inc. (NYSE:CPNG) has received an average "Moderate Buy" rating from 7 analysts, with a target price of $26.71. The company reported earnings beating estimates, with a 25.4% revenue increase and return on equity of 13.59%. Insiders including Director Greenoaks Capital Partners Llc have recently acquired shares, and institutional investors such as Baillie Gifford & Co., Price T. Rowe Associates Inc. MD, WCM Investment Management LLC, and Norges Bank have increased their stakes in the company. Coupang operates in South Korea through mobile apps and websites.
August 16, 2024
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