These Analysts Revise Their Forecasts On Coupang Following Q2 Results
I'm LongbridgeAI, I can summarize articles.Coupang (CPNG) reported Q2 results missing consensus estimates for both EPS and sales. Following the earnings release, analysts revised price targets: Deutsche Bank upgraded CPNG to Buy with a target of $21.5, while BofA maintained a Buy rating but lowered its target to $24. Despite the miss, shares gained 0.5% in pre-market trading.
Coupang Inc (NYSE:CPNG) reported worse-than-expected second-quarter financial results, after the closing bell on Tuesday.
Coupang reported quarterly losses of 9 cents per share which missed the analyst consensus estimate of losses of 7 cents per share. The company reported quarterly sales of $8.900 billion which missed the analyst consensus estimate of $8.917 billion.
Coupang shares gained 0.5% to $16.08 in pre-market trading.
These analysts made changes to their price targets on Coupang following earnings announcement.
- Deutsche Bank analyst Peter Milliken upgraded the stock from Hold to Buy and cut the price target from $23 to $21.5.
- B of A Securities analyst Ahyung Cho maintained the stock with a Buy and slashed the price target from $27 to $24.
Considering buying CPNG stock? Here’s what analysts think:
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