Citigroup Maintains Buy on Coupang, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst John Yu has maintained a Buy rating on Coupang (NYSE:CPNG) and increased the price target from $26 to $28, indicating a positive outlook on the company's stock.
May 08, 2024 | 7:25 pm
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Citigroup has reaffirmed its Buy rating on Coupang and raised the price target to $28, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like John Yu from Citigroup typically signals a strong bullish sentiment on the stock, likely leading to increased investor confidence and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100