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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS has raised its price target for Coupang (CPNG) to $31 from $26 while maintaining a Buy rating. Despite mixed Q3 results and a 9% drop in after-hours trading due to weak PC adjusted EBITDA margins, the firm anticipates quarter-over-quarter improvement in Q4 driven by seasonality.
Coupang's price target has been increased to $31 from $26 by UBS, reflecting a positive outlook for the company. This adjustment highlights the growing confidence in Coupang's market performance and potential for future growth.
Coupang Inc. reported retail net sales of $6.14 billion, an increase from the previous year but below analysts' expectations of $6.24 billion. Operating income was $109 million, also falling short of projections, while net income declined due to losses from the recently acquired luxury company, Farfetch.
Coupang
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13:01 08.11.2024
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