Coupang price target lowered to $28 from $32 at BofA

BofA lowered the firm’s price target on Coupang (CPNG) to $28 from $32 and keeps a Buy rating on the shares. The firm lowered its FY26 and FY27 adjusted EBITDA estimate by 26% and 25%, respectively, following the Q4 report, but contends that “the worst seems to be behind us at the current trough valuation level, likely providing cushion on the downside.”

Claim 55% Off TipRanks