Coupang (CPNG) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coupang in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CPNG shares.
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6 brokers have issued 1-year target prices for Coupang's stock. Their CPNG share price forecasts range from $20.00 to $27.80. On average, they expect the company's stock price to reach $23.26 in the next year. This suggests a possible upside of 35.7% from the stock's current price.
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Coupang's stock was trading at $14.71 at the beginning of 2023. Since then, CPNG shares have increased by 16.5% and is now trading at $17.14.
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Coupang saw a decline in short interest in August. As of August 31st, there was short interest totaling 23,370,000 shares, a decline of 14.3% from the August 15th total of 27,260,000 shares. Based on an average daily volume of 7,830,000 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CPNG earnings forecast.

Coupang, Inc. (NYSE:CPNG) issued its quarterly earnings data on Tuesday, August, 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Coupang had a trailing twelve-month return on equity of 17.29% and a net margin of 1.94%. Coupang's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) EPS.

ETFs with the largest weight of Coupang (NYSE:CPNG) stock in their portfolio include FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ), ProShares Long Online/Short Stores ETF (CLIX), ProShares Online Retail ETF (ONLN), Renaissance IPO ETF (IPO), Global X Emerging Markets Internet & Ecommerce ETF (EWEB), Davis Select International ETF (DINT), KraneShares Emerging Markets Consumer Technology ETF (KEMQ) and Amplify Online Retail ETF (IBUY).

(CPNG) raised $3.4 billion in an initial public offering (IPO) on Thursday, March 11th 2021. The company issued 120,000,000 shares at $27.00-$30.00 per share. Goldman Sachs, Allen & Co., J.P.Morgan and Citigroup served 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 variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (6.25%), Capital International Investors (3.55%), BlackRock Inc. (1.90%), Capital World Investors (1.50%), Sands Capital Management LLC (0.77%) and Fiduciary Trust Co. (0.76%). Insiders that own company stock include Benjamin Sun, Bom Suk Kim, Gaurav Anand, Greenoaks Capital Partners Llc, Hanseung Kang, Kevin M Warsh, Lydia Jett, Michael Parker, Pedro Franceschi, Svf Investments (Uk) Ltd, Tae Jung Kim 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 $17.14.

Coupang (NYSE:CPNG) has a market capitalization of $30.57 billion and generates $20.58 billion in revenue each year. The company earns $-92,040,000.00 in net income (profit) each year or $0.24 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 12063333839 or via email at ir@coupang.com.