Coupang downgraded by Deutsche Bank with a new price target
$CPNG
Catalog/Specialty Distribution
Consumer Discretionary
Deutsche Bank downgraded Coupang from Buy to Hold and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $30.00 | Underperform → Outperform | Bernstein |
| 9/4/2024 | $18.00 → $31.00 | Hold → Outperform | CLSA |
| 5/16/2024 | $26.00 | Neutral → Buy | UBS |
| 5/3/2024 | $30.00 | Buy | BofA Securities |
| 4/15/2024 | $19.00 → $26.00 | Neutral → Buy | Citigroup |
| 2/29/2024 | $18.50 → $21.00 | Hold → Buy | Deutsche Bank |
| 1/16/2024 | $20.00 → $17.00 | Buy → Neutral | Citigroup |
| 12/20/2023 | $26.00 → $18.50 | Buy → Neutral | UBS |
Net Revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basis Gross Profit of $2.3 billion, up 45% YoY Coupang, Inc. (NYSE:CPNG) today announced financial results for its third quarter ended September 30, 2024. Consolidated Highlights: Net revenues were $7.9 billion, up 27% YoY on a reported basis and 32% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 20% YoY on a reported basis and 25% YoY on an FX-neutral basis. Gross profit increased 45% YoY to $2.3 billion. Gross profit margin was 28.8%, an improvement of 350 bps YoY. Excluding Farfetch, gross profit was $2.1 billion, growing 33% YoY, and gross profit margin was 28.1%. Net income was $64 million and ne
Coupang, Inc. (NYSE:CPNG) will release its third quarter 2024 financial results on Tuesday, November 5, 2024 (Eastern Time). The release will be available after U.S. market close and an accompanying live webcast will begin at 5:30 PM Eastern Time the same day. The earnings release, presentation and webcast will be available at the Coupang Investor Relations website, https://ir.aboutcoupang.com. Following the call, a replay and related transcript will be available at the same website. About Coupang Coupang is a technology and Fortune 200 company listed on the New York Stock Exchange (NYSE:CPNG) that provides retail, restaurant delivery, video streaming, and fintech services to customers a
Net Revenues of $7.3 billion, up 25% YoY and 30% on an FX-neutral basis Gross Profit of $2.1 billion, up 41% YoY Product Commerce segment adjusted EBITDA of $530 million, up $122 million YoY, with a margin of 8.2% Coupang, Inc. (NYSE:CPNG) today announced financial results for its second quarter ended June 30, 2024. Consolidated Highlights: Net revenues were $7.3 billion, up 25% YoY on a reported basis and 30% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 18% YoY on a reported basis and 23% YoY on an FX-neutral basis. Excluding Farfetch, net revenues growth rate would have been an estimated 660 bps higher than the 23% FX-neutral growth rate without the account
Coupang's (NYSE:CPNG) short percent of float has risen 12.07% since its last report. The company recently reported that it has 25.76 million shares sold short, which is 2.6% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.79 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Coupang (NYSE:CPNG) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 1 1 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $27.0, a high estimate of $32.00, and a low estimate of $23.00. This upward
Morgan Stanley analyst Seyon Park maintains Coupang (NYSE:CPNG) with a Overweight and raises the price target from $26 to $27.
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4 - Coupang, Inc. (0001834584) (Issuer)
4 - Coupang, Inc. (0001834584) (Issuer)
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Coupang, Inc. today announced that it has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to the company's Board of Directors. Her prior executive leadership roles focused on building and scaling world-class consumer innovations at Meta and driving operational excellence at Instacart. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625184938/en/Asha Sharma Appointed to Coupang's Board of Directors (Photo: Business Wire) "Asha's deep product and practical AI expertise align with our mission to drive innovations that wow our customers," said Bom Kim, Founder and CEO of Coupang. "We'
Coupang, Inc. today announced that it has appointed Ambereen Toubassy, the Chief Financial Officer of Airtable, to the company's Board of Directors. "We're excited to welcome Ambereen Toubassy to the Coupang Board and to work together to unlock even greater value for our customers and stakeholders," said Bom Kim, Founder and CEO of Coupang. "With her extensive background as a skilled financial leader at companies that focus on customer experience, Ambereen will be an important advisor in our efforts to create new moments of wow for our customers through bold innovations and investments." Toubassy is currently the CFO of Airtable, a low-code platform that enables organizations to develop c
Jett and Mildenhall will bring transformative vision and wide-ranging expertise to the fast-growing digital sports platform Separately, Fanatics releases its first environmental, social and governance (ESG) report Fanatics, a leading global digital sports platform, today announced the appointment of preeminent fintech, e-commerce and marketing executives Lydia Jett and Jonathan Mildenhall to its board of directors. Jett, Managing Partner and Head of Global eCommerce and US Consumer Internet Sector Investments at SoftBank Investment Advisers (SBIA), and Mildenhall, co-founder and Executive Chairman of TwentyFirstCenturyBrand and former CMO of Airbnb, bring decades of experience advising an
10-Q - Coupang, Inc. (0001834584) (Filer)
8-K - Coupang, Inc. (0001834584) (Filer)
8-K - Coupang, Inc. (0001834584) (Filer)
4 - Coupang, Inc. (0001834584) (Issuer)
4 - Coupang, Inc. (0001834584) (Issuer)
4 - Coupang, Inc. (0001834584) (Issuer)
Net Revenues of $7.9 billion, up 27% YoY and 32% on an FX-neutral basis Gross Profit of $2.3 billion, up 45% YoY Coupang, Inc. (NYSE:CPNG) today announced financial results for its third quarter ended September 30, 2024. Consolidated Highlights: Net revenues were $7.9 billion, up 27% YoY on a reported basis and 32% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 20% YoY on a reported basis and 25% YoY on an FX-neutral basis. Gross profit increased 45% YoY to $2.3 billion. Gross profit margin was 28.8%, an improvement of 350 bps YoY. Excluding Farfetch, gross profit was $2.1 billion, growing 33% YoY, and gross profit margin was 28.1%. Net income was $64 million and ne
Net Revenues of $7.3 billion, up 25% YoY and 30% on an FX-neutral basis Gross Profit of $2.1 billion, up 41% YoY Product Commerce segment adjusted EBITDA of $530 million, up $122 million YoY, with a margin of 8.2% Coupang, Inc. (NYSE:CPNG) today announced financial results for its second quarter ended June 30, 2024. Consolidated Highlights: Net revenues were $7.3 billion, up 25% YoY on a reported basis and 30% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 18% YoY on a reported basis and 23% YoY on an FX-neutral basis. Excluding Farfetch, net revenues growth rate would have been an estimated 660 bps higher than the 23% FX-neutral growth rate without the account
Net Revenues of $7.1 billion, up 23% YoY and 28% on an FX-neutral basis Gross Profit of $1.9 billion, up 36% YoY Operating Cash Flow of $2.4 billion and Free Cash Flow of $1.5 billion for the trailing twelve months Coupang, Inc. (NYSE:CPNG) today announced financial results for its first quarter ended March 31, 2024. Consolidated Highlights: Net revenues were $7.1 billion, up 23% YoY on a reported basis and 28% YoY on an FX-neutral basis. Excluding Farfetch, the growth was 18% YoY on a reported basis and 23% YoY on an FX-neutral basis. The net revenues growth rates excluding Farfetch would have been an estimated 10 percentage points higher than the 23% FX-neutral growth rate w
Bernstein upgraded Coupang from Underperform to Outperform and set a new price target of $30.00
CLSA upgraded Coupang from Hold to Outperform and set a new price target of $31.00 from $18.00 previously
UBS upgraded Coupang from Neutral to Buy and set a new price target of $26.00