Coupang (NYSE:CPNG) Stock Price Target Raised at Barclays

Coupang (NYSE:CPNG) had its price target raised by Barclays from $29.00 to $32.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the stock. Sanford C. Bernstein decreased their price target on shares of Coupang from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Thursday. Bank of America cut their price objective on shares of Coupang from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Citigroup raised shares of Coupang from a “neutral” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday. The Goldman Sachs Group set a $31.00 target price on shares of Coupang in a research note on Thursday, July 9th. Finally, Mizuho set a $21.00 target price on Coupang in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.41.

Coupang Stock Down 3.6%

CPNG opened at $16.44 on Thursday. The business has a 50 day moving average of $14.74 and a 200-day moving average of $17.17. The stock has a market capitalization of $29.56 billion, a price-to-earnings ratio of -21.64 and a beta of 1.15. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.16. Coupang has a 1-year low of $13.35 and a 1-year high of $30.09.

Coupang (NYSE:CPNG) last announced its earnings results on Tuesday, November 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.09). Coupang had a negative return on equity of 21.51% and a negative net margin of 3.77%. The company had revenue of $9.96 billion for the quarter, compared to the consensus estimate of $9.76 billion. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coupang will post -0.47 earnings per share for the current year.

Insider Activity

In other news, insider Harold Rogers sold 192,110 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $16.18, for a total value of $3,108,339.80. Following the sale, the insider owned 740,931 shares of the company’s stock, valued at approximately $11,988,263.58. This represents a 20.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jonathan D. Lee sold 5,519 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $13.65, for a total transaction of $75,334.35. Following the sale, the chief accounting officer owned 176,396 shares of the company’s stock, valued at $2,407,805.40. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 203,148 shares of company stock worth $3,272,530. 12.83% of the stock is owned by insiders.

Institutional Trading of Coupang

Large investors have recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System raised its stake in shares of Coupang by 14.5% in the third quarter. Maryland State Retirement & Pension System now owns 75,354 shares of the company’s stock valued at $1,045,000 after acquiring an additional 9,546 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Coupang in the 3rd quarter worth approximately $347,000. Altman Advisors Inc. grew its position in Coupang by 5.5% during the 3rd quarter. Altman Advisors Inc. now owns 101,849 shares of the company’s stock worth $1,413,000 after acquiring an additional 5,287 shares during the last quarter. Machina Capital S.A.S. grew its position in Coupang by 38.4% during the 3rd quarter. Machina Capital S.A.S. now owns 128,666 shares of the company’s stock worth $1,785,000 after acquiring an additional 35,716 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Coupang by 2.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 502,541 shares of the company’s stock worth $6,935,000 after acquiring an additional 10,647 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Key Stories Impacting Coupang

Here are the key news stories impacting Coupang this week:

• Positive Sentiment: Management forecast fourth-quarter constant-currency revenue growth of 13%–14% and adjusted EBITDA margin expansion of 50–150 basis points. Coupang Q4 guidance
• Positive Sentiment: Third-quarter revenue exceeded analysts’ estimates. Constant-currency revenue grew 11% year over year, while Taiwan WOW membership more than doubled—evidence of continued customer and business growth. Q3 takeaways
• Positive Sentiment: Analyst calls were supportive: Citigroup upgraded CPNG to Buy with a $19 target, and Barclays raised its target to $32 while maintaining an Overweight rating. Citi upgrade
• Neutral Sentiment: One article argued CPNG looks inexpensive based on projected cash flow, but that valuation view contrasts with the company’s recent earnings weakness. Coupang cash-flow valuation
• Negative Sentiment: Third-quarter EPS was a larger loss than expected: Coupang reported a loss of $0.18 per share versus the consensus estimate of a $0.09 loss. Coverage also highlighted widening losses, which may weigh on confidence despite the revenue beat. Q3 growth and losses
• Negative Sentiment: Bernstein lowered its price target from $12 to $11 and reiterated an Underperform rating, underscoring concerns that contrast with the bullish upgrades.

Coupang Company Profile

Coupang, Inc is an e-commerce and technology company that operates a large digital retail platform. The company offers a broad selection of merchandise, including electronics, household goods, apparel, beauty products and groceries. Its services include Rocket Delivery, a fast-delivery program; Rocket Fresh, which focuses on fresh food and groceries; and Wow, a membership program that provides delivery and other customer benefits.

Coupang also operates Coupang Eats, a restaurant-ordering and delivery service, as well as Coupang Play, a digital video streaming platform.