CLSA Upgrades Coupang to Outperform, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
CLSA analyst Brian Lee has upgraded Coupang (NYSE:CPNG) from Hold to Outperform and increased the price target from $18 to $31.
September 04, 2024 | 2:45 pm
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POSITIVE IMPACT
CLSA analyst Brian Lee has upgraded Coupang from Hold to Outperform, significantly raising the price target from $18 to $31.
The upgrade from Hold to Outperform by CLSA, along with a substantial increase in the price target, is likely to positively impact Coupang's stock price in the short term. Such analyst upgrades often lead to increased investor confidence and buying activity.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100