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Farfetch just announced it has sold all of its business and assets through a pre-pack administration process effective January 30, 2024. The deal was done sgdj sprott junior gold miners etf through a Coupang Inc. owned entity named Sur… Coupang (CPNG) raised $3.4 billion in an initial public offering (IPO) on Thursday, March 11th 2021.

  1. The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
  2. And if something were to come out of these investments, it would be a free option on the stock.
  3. And this is detracting from Coupang’s overall profitability.

Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.

Coupang Consensus Analyst Rating and Stock Price Forecast (

But excluding the fire’s impact, Coupang’s gross profit would have increased 86% year over year, while its gross margin would have expanded to 18.2%. Coupang’s sales growth looks healthy, but its second-quarter net loss more than tripled year over year from $159.9 million to $518.6 million. Its net loss of $0.30 per share missed estimates by $0.16.

On average, they predict the company’s share price to reach $21.07 in the next year. This suggests a possible upside of 19.9% from the stock’s current price. View analysts price targets for CPNG or view top-rated stocks among Wall Street analysts. An easy way to think about this could be Meta’s (META) investments into the metaverse.

Its third-quarter profit fell shy of expectations, as aggressively expanding in Taiwan weighed on its bottom line. It’s true that Coupang is showing some impressive gains early in Taiwan, but investors have seen this before. Coupang got off to a hot start in Japan, but in less than two years it was withdrawing from the expansion market. Coupang, a South Korea-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second qua…

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As investors have continued to embrace a risk-off sentiment, anything that is not the magnificent 7 mega caps appears not to be rewarded with any positive traction. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

I recently bought a small position in Coupang, since I believe it still has room to grow in its home market and its stock looks cheap relative to its growth. According to the issued ratings of 4 analysts in the last year, the consensus rating for Coupang stock is Moderate Buy based on the current 2 hold ratings and 2 buy ratings for CPNG. The average twelve-month price prediction for Coupang is $21.07 with a high price target of $25.00 and a low price target of $17.00.

CPNG Analyst Ratings By Month

Investors who think Coupang’s aggressive expansion plans will pay off should consider buying some shares as it dips below its IPO price. However, they should brace for a lot of near-term volatility as the bears question its ability to continue expanding domestically and overseas. Second, Coupang continued to ramp up its investments in Rocket Fresh and Coupang Eats, which contributed significantly to an 84% jump in operating expenses during the quarter. That ugly loss can be attributed to two main challenges. First, a warehouse fire caused $158 million in inventory write-offs and $295.5 million in net losses.

Coupang to ramp up investment in Taiwan after four quarters of profits

In conclusion, as I assess Coupang’s recent Q results, I’m drawn towards its low valuation of 14x forward EBITDA for its core business. There’s a lot to like about Coupang’s recent progress in underlying profitability. Moreover, the competitive landscape is intensifying, with increased interest in cross-border e-commerce platforms, particularly from Chinese competitors. This heightened competition poses potential risks to user attrition and basket sizes.

It’s not just Coupang’s fleet of drivers stepping on the gas. After seven consecutive quarters of decelerating revenue growth, Coupang’s top line has been accelerating for three straight reports. Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. My Marketplace highlights a portfolio of undervalued investment opportunities – stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued.

Coupang saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 23,850,000 shares, an increase of 18.4% from the February 14th total of 20,140,000 shares. Based on an average daily volume of 10,800,000 shares, the short-interest ratio is presently 2.2 days. Approximately 2.1% of the company’s shares are short sold.

Coupang’s stock was trading at $16.19 at the start of the year. Since then, CPNG shares have increased by 8.6% and is now trading at $17.58. In the near term, Coupang has demonstrated an impressive y/y increase in active customers each quarter of the year, with a solid 16% y/y increase in active customers in Q4. And what’s even more confounding is that Coupang’s market cap is made up of nearly 20% net cash, and it’s already amply profitable. And yet, investors have wanted nothing to do with the South Korean e-commerce company.

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