Coupang, Inc. (NYSE:CPNG) Receives $26.02 Consensus Price Target from Analysts

Coupang, Inc. (NYSE:CPNG) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.0167.

A number of research analysts recently weighed in on the company. Citigroup downgraded Coupang from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $22.20 in a research note on Wednesday, May 6th. Bank of America decreased their price objective on Coupang from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. The Goldman Sachs Group set a $31.00 target price on Coupang in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft cut Coupang from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a report on Wednesday, May 6th. Finally, Barclays reissued an “overweight” rating and issued a $29.00 price target on shares of Coupang in a research report on Tuesday, July 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CPNG. Sunbelt Securities Inc. acquired a new stake in shares of Coupang in the 3rd quarter worth about $26,000. Reflection Asset Management acquired a new position in Coupang during the 4th quarter valued at about $28,000. Webster Bank N. A. increased its holdings in Coupang by 325.8% during the 1st quarter. Webster Bank N. A. now owns 1,699 shares of the company’s stock worth $32,000 after purchasing an additional 1,300 shares in the last quarter. Main Street Group LTD bought a new stake in Coupang during the 1st quarter worth approximately $40,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Coupang in the fourth quarter worth approximately $42,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 1.3%

CPNG opened at $16.64 on Friday. Coupang has a 1-year low of $14.92 and a 1-year high of $34.08. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $29.86 billion, a P/E ratio of -184.82 and a beta of 1.11. The company has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $18.86.

Coupang (NYSE:CPNG) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.48 billion. Coupang had a negative return on equity of 3.67% and a negative net margin of 0.47%.Coupang’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Analysts predict that Coupang will post -0.33 EPS for the current fiscal year.

Coupang Company Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.