Coupang Announces Pre-Arranged Stock Sale Plan by Founder

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Barclays Defending Coupang Inc (CPNG): 'Selloff Post 3Q Results Presents a Buying Opportunity'

November 7, 2024 6:07 AM EST

Barclays analyst Jiong Shao reiterated an Overweight rating and $32.00 price target on Coupang Inc (NYSE: CPNG).

The analyst comments "Key takeaways: While CPNG reported solid 3Q results with better than expected revenues, growing at 25% yoy in CC excluding Farfetch (FF), and better than expected group EBITDA margins of 4.4%, the... More