Fintel reports that on May 16, 2024, UBS upgraded their outlook for Coupang (NYSE:CPNG) from Neutral to Buy.
Analyst Price Forecast Suggests 4.78% Upside
As of May 8, 2024, the average one-year price target for Coupang is 23.60. The forecasts range from a low of 18.18 to a high of $33.60. The average price target represents an increase of 4.78% from its latest reported closing price of 22.52.
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The projected annual revenue for Coupang is 28,300MM, an increase of 10.13%. The projected annual non-GAAP EPS is 0.48.
What is the Fund Sentiment?
There are 806 funds or institutions reporting positions in Coupang. This is an increase of 48 owner(s) or 6.33% in the last quarter. Average portfolio weight of all funds dedicated to CPNG is 0.80%, an increase of 16.08%. Total shares owned by institutions decreased in the last three months by 0.90% to 1,394,257K shares. 
The put/call ratio of CPNG is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Sb Investment Advisers holds 349,542K shares representing 19.55% ownership of the company. In its prior filing, the firm reported owning 396,156K shares , representing a decrease of 13.34%. The firm increased its portfolio allocation in CPNG by 7.51% over the last quarter.
Baillie Gifford holds 168,601K shares representing 9.43% ownership of the company. In its prior filing, the firm reported owning 145,524K shares , representing an increase of 13.69%. The firm decreased its portfolio allocation in CPNG by 52.64% over the last quarter.
Price T Rowe Associates holds 78,865K shares representing 4.41% ownership of the company. In its prior filing, the firm reported owning 59,970K shares , representing an increase of 23.96%. The firm decreased its portfolio allocation in CPNG by 34.48% over the last quarter.
Capital International Investors holds 54,778K shares representing 3.06% ownership of the company. In its prior filing, the firm reported owning 54,935K shares , representing a decrease of 0.29%. The firm decreased its portfolio allocation in CPNG by 1.04% over the last quarter.
Maverick Capital holds 54,256K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 73,037K shares , representing a decrease of 34.62%. The firm decreased its portfolio allocation in CPNG by 23.61% over the last quarter.
Coupang Background Information
(This description is provided by the company.)
Coupang is one of the largest eCommerce companies in Asia, with a mission to revolutionize the everyday lives of its customers and create a world where people wonder, “How did we ever live without Coupang?” Coupang offers a variety of services, including same-day and next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eats, and video streaming through Coupang Play. Founded in 2010, Coupang, which operates in Korea, has offices in Beijing, Los Angeles, Seattle, Seoul, Singapore, Shanghai, and Silicon Valley.
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