In a report released yesterday, Jiong Shao from Barclays maintained a Buy rating on Coupang (CPNG – Research Report), with a price target of $24.00. The company’s shares closed yesterday at $19.30.
Shao covers the Technology sector, focusing on stocks such as Baidu, Alibaba, and XPeng, Inc. ADR. According to TipRanks, Shao has an average return of 7.5% and a 48.67% success rate on recommended stocks.
Currently, the analyst consensus on Coupang is a Moderate Buy with an average price target of $21.02.
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CPNG market cap is currently $34.33B and has a P/E ratio of 81.02.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPNG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products.
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