- 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.
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