Barclays Maintains Overweight on Coupang, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Coupang (CPNG) and increased the price target from $25 to $32.
May 09, 2024 | 2:48 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Coupang and raised the price target from $25 to $32.
The upgrade in price target by a reputable analyst like Jiong Shao from Barclays is a strong positive signal for Coupang, indicating a bullish outlook on the stock's future performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100