Morgan Stanley raised the firm’s price target on Coupang (CPNG) to $35 from $32 and keeps an Overweight rating on the shares. Accelerating investment and business momentum in Taiwan raises questions as to when positive unit economics are reached, but the firm is “in the bull camp on Taiwan” and sees it as a key driver of longer-term growth for Coupang, the analyst tells investors.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade CPNGPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPNG:
- Coupang’s Strategic Expansion into Taiwan: A Catalyst for Growth and Reduced Volatility
- Coupang’s Strong Financial Performance and Strategic Expansion Justify Buy Rating
- Coupang’s Earnings Call: Strong Growth Amid Challenges
- Disney reports Q3 beat and NFL deal, Uber authorizes $20B buyback: Morning Buzz
- Coupang upgraded to Buy from Neutral at Nomura