There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Coupang (CPNG – Research Report) and JD (JD – Research Report) with bullish sentiments.
Coupang (CPNG)
Coupang received a Buy rating and a $26.00 price target from Nomura analyst Angela Hong today. The company’s shares closed last Monday at $21.65.
According to TipRanks.com, Hong is ranked #6370 out of 8783 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coupang with a $23.17 average price target, which is a 7.7% upside from current levels. In a report issued on April 14, Citi also upgraded the stock to Buy with a $26.00 price target.
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JD (JD)
Nomura analyst Jialong Shi initiated coverage with a Buy rating on JD today and set a price target of $33.00. The company’s shares closed last Monday at $25.42.
Shi has an average return of
According to TipRanks.com, Shi is ranked #2668 out of 8783 analysts.
JD has an analyst consensus of Moderate Buy, with a price target consensus of $34.75, implying a 34.2% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $38.00 price target.
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Read More on CPNG:
- Coupang Stock (NYSE:CPNG): Should You Ride This Rocket Higher?
- Coupang call volume above normal and directionally bullish
- Coupang raising ‘Wow’ membership fee by 58%, Korea Times reports
- Coupang planning KRW 3T expansion of Rocket Delivery service, Nikkei reports
- Coupang put volume heavy and directionally bearish
