Coupang - CPNG Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coupang in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CPNG shares.
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13 brokers have issued 1-year price objectives for Coupang's stock. Their CPNG share price forecasts range from $16.40 to $37.00. On average, they predict the company's stock price to reach $22.02 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price.
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Coupang's stock was trading at $14.71 at the beginning of the year. Since then, CPNG shares have increased by 3.9% and is now trading at $15.29.
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Coupang saw a drop in short interest in February. As of February 28th, there was short interest totaling 16,720,000 shares, a drop of 13.3% from the February 13th total of 19,290,000 shares. Based on an average daily volume of 7,560,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our CPNG earnings forecast.

Coupang, Inc. (NYSE:CPNG) released its earnings results on Tuesday, February, 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm earned $5.33 billion during the quarter, compared to analyst estimates of $5.37 billion. Coupang had a negative trailing twelve-month return on equity of 4.24% and a negative net margin of 0.45%. Coupang's revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) EPS.

ETFs with the largest weight of Coupang (NYSE:CPNG) stock in their portfolio include FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), Renaissance IPO ETF (IPO), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), KraneShares Emerging Markets Consumer Technology ETF (KEMQ), Davis Select International ETF (DINT), Emerging Markets Internet & Ecommerce ETF (EMQQ), Changebridge Capital Long/Short Equity ETF (CBLS) and First Trust Dow Jones International Internet ETF (FDNI).

(CPNG) raised $3.4 billion in an initial public offering on Thursday, March 11th 2021. The company issued 120,000,000 shares at a price of $27.00-$30.00 per share. Goldman Sachs, Allen & Co., J.P.Morgan and Citigroup acted as the underwriters for the IPO and HSBC, Deutsche Bank Securities, UBS Investment Bank, Mizuho Securities and CLSA were co-managers.

Coupang trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPNG."

Coupang's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (7.24%), Baillie Gifford & Co. (6.51%), Maverick Capital Ltd. (4.30%), Price T Rowe Associates Inc. MD (2.69%), Massachusetts Institute of Technology (1.62%) and Duquesne Family Office LLC (1.15%). Insiders that own company stock include Benjamin Sun, Bom Suk Kim, Gaurav Anand, Greenoaks Capital Partners Llc, Kevin M Warsh, Lydia Jett, Michael Parker, Svf Investments (Uk) Ltd and Thuan Pham.
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Shares of CPNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPNG stock can currently be purchased for approximately $15.29.

Coupang (NYSE:CPNG) has a market capitalization of $27.13 billion and generates $20.58 billion in revenue each year. The company earns $-92,040,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis.

The company employs 63,000 workers across the globe.

Coupang's mailing address is TOWER 730 570 SONGPA-DAERO, SEOUL M5, 05510. The official website for the company is www.coupang.com. The company can be reached via phone at 206-333-3839 or via email at ir@coupang.com.