Coupang Announces Results for Third Quarter 2024
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Barclays Defending Coupang Inc (CPNG): 'Selloff Post 3Q Results Presents a Buying Opportunity'
November 7, 2024 6:07 AM ESTBarclays analyst Jiong Shao reiterated an Overweight rating and $32.00 price target on Coupang Inc (NYSE: CPNG).
The analyst comments "Key takeaways: While CPNG reported solid 3Q results with better than expected revenues, growing at 25% yoy in CC excluding Farfetch (FF), and better than expected group EBITDA margins of 4.4%, the... More
Coupang Inc (CPNG) PT Raised to $25 at Mizuho
November 6, 2024 6:11 AM ESTMizuho analyst James Lee raised the price target on Coupang Inc (NYSE: CPNG) to $25.00 (from $23.00) while maintaining a Neutral rating.
The analyst comments "CPNG reported a good quarter with solid top-line growth and convincing EBITDA beat. The top line grew 32% FXN ex-Farfetch, leveraging the... More
Coupang Inc (CPNG) PT Raised to $26.50 at Deutsche Bank
November 6, 2024 5:52 AM ESTDeutsche Bank analyst Peter Milliken raised the price target on Coupang Inc (NYSE: CPNG) to $26.50 (from $22.50) while maintaining a Hold rating.
The analyst comments "In 3Q24, Coupang's revenue grew 27%, or 25% ex FarFetch and FX changes. We see this as a remarkable result,... More
Coupang Inc (CPNG) PT Raised to $31 at Citi
November 6, 2024 5:23 AM ESTCiti analyst John Yu raised the price target on Coupang Inc (NYSE: CPNG) to $31.00 (from $26.00) while maintaining a Buy rating.
The analyst comments "Mgmt has stated that for two consecutive quarters Product Commerce margins would be under pressure in the near term... More
