1 Wall Street Analyst Thinks Coupang Stock Is Going to $32. Is It a Buy Around $22?
CPNGCoupang(CPNG) fool.com·2024-05-16 21:20

One Wall Street analyst believes Coupang could rise 40% higher, powered by a sneakily strong quarter. After reporting earnings on May 7, shares of South Korean e-commerce juggernaut Coupang (CPNG 1.21%) dropped by more than 10% in a single day. Missing consensus earnings-per-share (EPS) estimates by one penny, Coupang spooked the market, bringing in a mere 5millioninnetincomeversus5 million in net income versus 7.1 billion in sales. However, underneath these headline figures hide a number of reasons for optimism, prompting Barcla ...