CLSA Reaffirms Buy Rating on Coupang, Inc. with $24 Target
CLSA continues to see upside in Coupang, Inc., maintaining a buy rating with a target price of $24.
Key Points
- On June 15, 2026, CLSA reiterated its buy rating on Coupang, Inc. (NYSE:CPNG) with a price target of $24.
- CLSA's $24 price target implies 33.33% upside from Coupang, Inc.'s ($CPNG) current $18 share price.
- Coupang shares are trading at $17.21, with a market cap of $30.19 billion and a forward P/E of 61.41.
- Baillie Gifford reduced its holdings by 25.5 million shares, while Dodge & Cox added 22.8 million shares.
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Coupang, Inc. (NYSE:CPNG) received a vote of confidence from CLSA on June 15, 2026. The firm reiterated its buy rating on the stock, setting a price target of $24. This suggests potential upside from the current share price of $17.21.
Other Institutional Activity in Coupang
Several institutional investors made notable changes to their positions in Coupang. Baillie Gifford & Co reduced its holdings by 25.5 million shares, leaving it with 120.7 million shares valued at about $2.28 billion. Meanwhile, Dodge & Cox increased its stake by 22.8 million shares, bringing its total to 72 million shares worth approximately $1.36 billion. BlackRock, Inc. also added to its position, increasing by about 1 million shares to hold 64.9 million shares valued at $1.23 billion.
Coupang, Inc. Stock Up 9.0%
Shares of Coupang, Inc. (NYSE:CPNG) are trading at $17.21. The company has a market capitalization of approximately $30.19 billion and a forward P/E ratio of 61.41. The stock has seen a 52-week low of $14.92 and a high of $34.08. Its 50-day moving average is $18.12, while the 200-day moving average is $23.46. Coupang's beta is 1.122, indicating moderate volatility compared to the market.
$CPNG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Coupang reported revenue of $35.13 billion, reflecting a growth rate of 7.5%. However, the company is not yet profitable, with a net margin of -0.47% and a return on equity of -3.99%. The next earnings report is expected on August 4, 2026.
Insider Buying and Selling at Coupang, Inc.
Recent insider activity at Coupang includes several purchases on June 11, 2026. Notable insiders such as Sun Benjamin, Toubassy Ambereen, and Franceschi Pedro each acquired shares, with amounts ranging from 17,391 to 21,304 shares. These transactions were not part of any planned trading programs.
Analysts Set New Price Targets
On June 15, 2026, CLSA reiterated its buy rating on Coupang with a price target of $24. Earlier, on May 6, 2026, Citigroup downgraded the stock to a hold with a target of $22.20. Barclays has consistently maintained a buy rating, with targets ranging from $23 to $40. The consensus among analysts is a buy, with an average target price of $26.29.
About Coupang, Inc.
Coupang, Inc. is a major player in the internet retail industry, primarily operating in South Korea. The company offers a wide range of products through its mobile apps and websites, including fresh groceries and advertising services. Coupang is also expanding its reach with services like restaurant delivery and online content streaming. Headquartered in Seattle, Washington, and led by CEO Bom Kim, Coupang employs over 108,000 people.
Bottom Line
Coupang, Inc. continues to attract attention from analysts and investors, with CLSA reaffirming its positive outlook. The company's strong market presence and diverse offerings make it a key player in the retail sector. Investors should note that the information is based on past filings and may not reflect current positions.
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