BofA analyst Ahyung Cho raised the firm’s price target on Coupang (CPNG) to $38 from $36 and keeps a Buy rating on the shares. Earnings has consistently surpassed initial expectation in the year-to-date due mainly to product commerce revenue and profits, says the firm, which raised its FY26 and FY27 PC EBITDA margin estimates to 9.6 and 10.1%, respectively.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPNG:
- Coupang’s Strong Product Commerce Performance and Strategic Investments Justify Buy Rating
- Coupang reports Q3 EPS 5c vs 4c last year
- CPNG Earnings this Week: How Will it Perform?
- Coupang VP Pranam Kolari Resigns, Impacting Strategy
- Coupang’s Strategic Growth and Resilience in E-commerce Justifies Buy Rating