JPMorgan lowered the firm’s price target on Coupang (CPNG) to $27 from $33 and keeps an Overweight rating on the shares. The company reported a Q4 miss with a mixed outlook, the analyst tells investors in a research note. JPMorgan recommends investors “gradually accumulate the stock” into the near-term catalysts of the share buyback and Coupang’s active marketing strategy driven user return.
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