What's happening to Coupang stock?
Coupang Shares Gain Following Goldman Sachs' Rating Upgrade Goldman Sachs analyst Eric Cha upgraded Coupang Inc (NYSE: CPNG) to Conviction Buy from Buy with a …
What kind of company is Coupang?
Apr 03, 2022 · Coupang's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Barber Financial Group Inc. (0.01%) and CAPROCK Group Inc. (0.00%). Company insiders that own Coupang stock include Bom Suk Kim, Gaurav Anand , Greenoaks Capital Partners Llc, Lydia Jett , Michael Parker , Svf Investments (Uk) Ltd and …
What is the market share of Coupang in 2020?
Coupang is a South Korean e-commerce company based in Seoul, South Korea, and incorporated in Delaware, United States. Founded in 2010 by Bom Kim, the company expanded to …
Is Coupang’s (CPNG) stock the next Amazon?
Apr 14, 2022 · Coupang Shares Gain Following Goldman Sachs' Rating Upgrade Goldman Sachs analyst Eric Cha upgraded Coupang Inc (NYSE: CPNG) to Conviction Buy from Buy with a price target of $37, down from $52. The price target implies an upside of 108.5%. 1 week ago - Benzinga 3 Top E-Commerce Stocks to Buy Right Now
What type of stock is Coupang?
e-commerce retailerCoupang is an e-commerce retailer in South Korea. The stock is down over 50% from its IPO price. It has plenty of room to grow its business and gross margins over the next five years.5 days ago
Can I buy stock in Coupang?
The South Korean e-commerce company's stock opened at $59.60 per share and quickly skyrocketed by 57%. You won't need an international brokerage to buy shares of Coupang because it's listed on an American exchange.
Who is selling Coupang stock?
SoftBankSoftBank Is Seller of $1 Billion Block-Trade in Coupang Shares - Bloomberg.Mar 13, 2022
Is Coupang a Chinese stock?
Coupang is the e-commerce market leader in South Korea.Mar 14, 2022
Is Coupang worth investing?
While third-quarter revenue surged 48% to $4.6 billion, Coupang posted a loss of $324 million, compared to $173 million a year ago. Both metrics were worse than analysts were expecting....Considering the Fair Value of CPNG Stock.MetricsRangeConclusionFair Value$19.19 – $22.76$20.952 more rows•Jan 28, 2022
Will Coupang be profitable?
On the bright side, Coupang was still sitting on $3.5 billion in cash and equivalents at the end of 2021. It also expects its adjusted EBITDA loss to narrow from $748 million in 2021 to $400 million or less in 2022, and to turn profitable on an adjusted EBITDA basis by the fourth quarter of 2022.Mar 8, 2022
How much did SoftBank invest in Coupang?
Register now for FREE unlimited access to Reuters.com "They're going to sell the winners," said Redex Research analyst Kirk Boodry, who estimates SoftBank invested in Coupang at an average of $4.80 per share. "Selling at a loss isn't going to be very well accepted in this market."Mar 14, 2022
How did we ever live without Coupang?
from the instant they open the Coupang app to the moment an order is delivered to their door. Powered by a dynamic end-to-end e-commerce and logistics network and a culture of customer centricity, Coupang has broken tradeoffs around speed, selection and price.
How do I buy Bumble stock?
How to buy shares in BumbleCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. Fund your account.Research the stock. ... Purchase now or later. ... Check in on your investment.
Is JD stock a buy?
Since October 2021, SA authors have rated JD stock as a 'Buy' or 'Strong Buy'. The consensus rating by Wall Street analysts is 'Strong Buy', the same for the quant rating for JD.Jan 31, 2022
How many shares of Coupang are there?
1.58BShare StatisticsAvg Vol (3 month) 311.83MShares Outstanding 51.58BImplied Shares Outstanding 6N/AFloat 8904.32M% Held by Insiders 12.43%7 more rows
Why is Coupang stock down today?
Today, reports of a massive block sale appear to be the key driver behind Coupang's decline. Reportedly, a 50-million-share block is being shopped by Goldman Sachs. Typically, such large sales happen when institutional investors blow up, or are forced to liquidate their holdings due to margin calls.Mar 10, 2022
Is Coupang a buy right now?
8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coupang in the last twelve months. There are currently 4 hold rat...
Are investors shorting Coupang?
Coupang saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 50,370,000 shares, an inc...
When is Coupang's next earnings date?
Coupang is scheduled to release its next quarterly earnings announcement on Wednesday, May 11th 2022. View our earnings forecast for Coupang .
How were Coupang's earnings last quarter?
Coupang, Inc. (NYSE:CPNG) posted its quarterly earnings data on Wednesday, March, 2nd. The company reported ($0.23) earnings per share (EPS) for th...
What price target have analysts set for CPNG?
8 analysts have issued 12-month price targets for Coupang's shares. Their forecasts range from $28.00 to $62.00. On average, they expect Coupang's...
Who are Coupang's key executives?
Coupang's management team includes the following people: Mr. Bom Suk Kim , CEO & Director (Age 42) Mr. Gaurav Anand , Chief Financial Officer...
Who are some of Coupang's key competitors?
Some companies that are related to Coupang include CDW (CDW) , Chewy (CHWY) , Wayfair (W) , Vipshop (VIPS) , Revolve Group (RVLV) , Insight E...
When did Coupang IPO?
(CPNG) raised $3.4 billion in an initial public offering on Thursday, March 11th 2021. The company issued 120,000,000 shares at $27.00-$30.00 per s...
What is Coupang's stock symbol?
Coupang trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPNG."
About Coupang
Coupang (NYSE:CPNG) Frequently Asked Questions
Coupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea.
About CPNG
7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coupang in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Coupang stock.
Analyst Forecast
Coupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea.
News
According to 16 analysts, the average rating for CPNG stock is "Buy." The 12-month stock price forecast is 33.81, which is an increase of 40.17% from the latest price.
Why Coupang stock is dropping
Lee Ainslie (Trades, Portfolio), the founder and CEO of Maverick Capital, recently disclosed the firm's 13F portfolio changes for the fourth quarter of 2021, which ended on Dec. 31.
Will Coupang stock recover?
Coupang stock has pulled back more than 30 percent from its peak. More shares have been flooding the market because of early lockup expiry, which might explain the decline. The company’s IPO came up with a lockup preventing insiders like staff and early investors from selling their shares for up to 180 days.
CPNG's stock forecast through 2025
Coupang stock is falling because supply is exceeding demand as the lockups expire. Bargain hunters are watching the stock closely and will pounce on the opportunity to buy the dip when it looks like investing in the IPO. That would allow the stock to recover from its lows.
Coupang as a long-term investment
The sharp pullback has started fueling huge interest in Coupang's stock forecast. Wall Street hasn’t started covering CPNG stock, so there isn't a target price for investors to look at now. Seeing how Coupang’s business is growing and the industry trends, you get a feeling that the stock’s outlook leans bullish.
A Closer Look at Coupang
Coupang is the top e-commerce company in South Korea with a market share of 24.6 percent. It’s also growing faster than the competition. Its market share expanded 6.5 percent in 2020, while many competitors saw their share of the market stagnate or shrink.
Growth Potential
Coupang is an eCommerce platform that operates in South Korea. Like other eCommerce companies, customers can buy an array of products with expedited shipping. The company was founded in 2010 by Harvard drop-out and current CEO Bom Kim. It has since become the leading player in the South Korean market.
Bottom Line on CPNG Stock
Coupang is likely to enjoy a lot of success, even after the Covid-19 induced tail-winds fade away. The Korean market has several players in the eCommerce realm. Coupang, being the most prominent player, has only a 24.6% market share. Therefore, it has a lot of room to expand in the future by expanding its services and improving existing operations.
Coupang's IPO date and price
There’s a lot to love about CPNG stock. Coupang has several competitive advantages in the growing eCommerce scene in South Korea.
CPNG's stock forecast
Coupang IPO stock is expected to debut on the NYSE on Mar. 11. The company's 130 million shares are priced at $35 apiece, which could raise about $4.6 billion altogether. It priced the deal above the expected $32–$34, suggesting strong demand for the stock. The transaction values the Korean e-commerce company at about $60 billion.
Coupang versus Amazon: How they compare
The outlook for CPNG stock is promising. First, South Korea’s e-commerce market is expanding rapidly, and is on course to hit $141.8 billion in 2024 from $90.1 billion in 2020. Second, Coupang is a market leader and has continued to grow its market share, which expanded to 24.6 percent in 2020 from 18.1 percent in 2019.
CPNG stock should rise after its listing
Coupang has been described as the Amazon of South Korea. Like Amazon, Coupang dominates in its domestic market. Both companies have invested extensively in delivery infrastructure to cut the time it takes for packages to get to customers.
Should you buy CPNG stock in its IPO?
CPNG stock looks poised to rise in its debut, with investors rushing to e-commerce stocks as the coronavirus pandemic has prompted a shift to online shopping. This optimism is evident across e-commerce stocks: Amazon, eBay (EBAY), JD.com (JD), and Pinduoduo (PDD) have risen 62, 53, 113, and 293 percent, respectively, in the past year.