Barclays analyst Jiong Shao maintained a Buy rating on Coupang (CPNG – Research Report) today and set a price target of $32.00. The company’s shares closed yesterday at $21.46.
According to TipRanks, Shao is a 4-star analyst with an average return of 5.3% and a 47.13% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as Coupang, Sea, and Li Auto.
In addition to Barclays, Coupang also received a Buy from Citi’s John Yu in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Hold rating on Coupang (NYSE: CPNG).
The company has a one-year high of $23.77 and a one-year low of $13.51. Currently, Coupang has an average volume of 15.66M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPNG in relation to earlier this year.
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Coupang (CPNG) Company Description:
Coupang Inc is an e-commerce company. The company sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products.
