tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nomura upgrades Coupang to Buy, names top internet pick

Nomura analyst Angela Hong upgraded Coupang (CPNG) to Buy from Neutral with a price target of $35, up from $24. User data indicates the company is gaining share in Taiwan despite intense competition, the analyst tells investors in a research note. The firm believes Coupang is one of the few Korean internet companies experiencing both margin improvement and global expansion. Nomura names Coupang its top pick in the internet sector.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1