Coupang (CPNG) options active on 57K contracts

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JPMorgan Positive on Coupang Inc (CPNG): 'we expect Coupang Eats’ standalone margin to turn around in the foreseeable future'

April 17, 2024 6:11 AM EDT

JPMorgan analyst Stanley Yang reiterated an Overweight rating and $24.00 price target on Coupang Inc (NYSE: CPNG).

The analyst comments "On Mar.26, Coupang Eats changed its WoW member promotion scheme from the current 10% price discount to delivery fee discount, a similar move soon adopted... More