Coupang’s Resilience and Growth Prospects Amid Regulatory Challenges: A Buy Recommendation
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Morgan Stanley analyst Seyon Park maintains a Buy rating on Coupang (CPNG) stock despite regulatory challenges from a data breach. Park highlights minimal operational disruptions and low risk of membership cancellations. Costs related to the breach are factored into financial models, with expectations of narrowing losses as operations scale in Taiwan. Bank of America Securities also reiterates a Buy rating with a $38.00 price target.
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