Coupang Stock Price: $62 Target By Goldman Sachs

By Amit Chowdhry ● April 7, 2021
  • The shares of Coupang (NYSE: CPNG) have received a price target of $62 by Goldman Sachs. These are the details.

The shares of Coupang (NYSE: CPNG) have received a price target of $62 by Goldman Sachs. And Goldman Sachs analyst Eric Cha initiated coverage of Coupang with a “Buy” rating.

Cha noted that Coupang created a significant moat around its e-commerce model by deploying a nationwide in-house logistics and delivery network in Korea. And Cha believes that Coupang is considered one of the most unique e-commerce markets globally due to its high penetration and fragmentation.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.