Barclays Maintains Overweight on Coupang, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Coupang (NYSE:CPNG) and raised the price target from $22 to $24.
August 10, 2023 | 11:36 am
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Coupang and raised the price target from $22 to $24, which could positively impact the stock.
The Overweight rating maintained by Barclays indicates a positive outlook for Coupang. The increase in the price target from $22 to $24 suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100