Core Viewpoint - Coupang Inc. is currently viewed as a less favorable investment option, with recent downgrades and price target reductions from major firms indicating concerns over growth potential and regulatory risks [1][3]. Group 1: Analyst Ratings and Price Targets - Bernstein initiated coverage of Coupang with an Underperform rating and a price target of $17, reflecting a cautious outlook on the company's performance in the South Korean internet sector [1]. - Nomura downgraded Coupang from Buy to Neutral, lowering its price target from $30 to $22, citing increased regulatory risks following a data breach [3]. Group 2: Market and Sector Insights - The South Korean digital advertising market is expected to continue shifting towards online channels, with a preference for companies demonstrating high growth potential linked to online penetration and AI leadership [2]. - Despite the overall growth in digital advertising, the e-commerce and food delivery sectors are perceived to have limited growth opportunities at this time [2]. Group 3: Company Overview - Coupang Inc. operates a retail business through mobile applications and internet websites, both in South Korea and internationally, indicating its broad market presence [4].

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly misleading investors about its cybersecurity measures, leading to significant financial losses following a major data breach affecting over 33 million customers [1][2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities between May 7, 2025, and December 16, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that Coupang's inadequate cybersecurity safeguards heightened the risk of a data breach [2]. Group 2: Cybersecurity Incident - In November 2025, disclosures revealed a data breach that compromised sensitive personal information of more than 33 million customers [3]. - Following the breach, Coupang's stock price experienced significant declines, with the company acknowledging the cybersecurity event on December 16, 2025 [3]. - This incident is noted as the largest cybersecurity event in South Korea's history [3].

SAN FRANCISCO, Feb. 9, 2026 /PRNewswire/ -- On February 5, 2026, investors in Coupang, Inc. (NYSE: CPNG) saw the price of their shares fall again. This time, shares fell over 13% on a Reuters report that data of an additional 165,000 users was leaked in a major security breach on top of the previously reported 33 million users whose data was leaked. The next day, MAEIL BUSINESS NEWSPAPER reported that the company's interim CEO (Harold Rogers) is under investigation by South Korean authorities over whether s ...

U.S.-listed South Korean e-commerce company Coupang confirmed on Thursday [Feb. 5] that the data of an additional 165,000 users was leaked in a major security breach, which a South Korean government official said had shaken the country’s alliance with the U.S.Coupang Korea has been under a South Korean government probe over the leak last year of personal data affecting more than 33 million customers, which has created friction between the allies over trade and security ties. Coupang said on Thursday it had ...

Core Insights - Coupang, Inc. experienced a significant drop in share price, falling over 13% due to a report of an additional 165,000 user data being leaked, compounding the previously reported breach affecting 33 million users [1][2] Company Developments - The interim CEO, Harold Rogers, is under investigation by South Korean authorities for potential perjury related to statements made about the data breach during a National Assembly hearing [2] - The investigation focuses on Rogers' claims that the cybersecurity incident was directed by the Korean government, which the government has denied [2] - Following the breach revelations, Coupang's share price has seen a severe decline since late November 2025 [2] Legal Actions - A securities class action lawsuit has been initiated to represent investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, encouraging affected investors to report their losses [3][4] - The lawsuit alleges that Coupang misled investors by promoting "proactive security" measures while failing to detect a significant data breach for nearly six months, which affected 33.7 million accounts [4] - The breach was reportedly executed by a former employee using authentication keys that remained valid post-departure, leading to a $1.2 billion compensation plan and a CEO resignation, resulting in over $8 billion in market value loss [4] Company Statements - On December 29, 2025, Coupang filed a report with the SEC stating that its investigation was conducted under government direction, which may contradict earlier statements made by the interim CEO [5] - The firm Hagens Berman is leading the investigation into the claims and is encouraging whistleblowers with non-public information to come forward [6]

Core Viewpoint - Coupang, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its cybersecurity measures, particularly related to a significant data breach affecting 33.7 million accounts, which went undetected for nearly six months [2][7]. Group 1: Allegations and Impact - The lawsuit claims that Coupang misrepresented its "proactive security" and "administrative safeguards" while failing to detect a data breach that allowed a former employee to access sensitive customer information [2][7]. - The breach has resulted in a compensation plan of approximately $1.2 billion (1.685 trillion won) and the resignation of CEO Park Dae-joon, leading to a loss of over $8 billion in market value [2][7]. - Coupang acknowledged awareness of the cybersecurity incident on November 18, 2025, just 11 days before public disclosure, indicating a significant delay in informing stakeholders [7]. Group 2: Investigation and Legal Proceedings - Hagens Berman, a shareholder rights firm, is investigating the claims and has set a lead plaintiff deadline of February 17, 2026, for investors who suffered losses during the class period from May 7, 2025, to December 16, 2025 [1][5]. - The investigation focuses on Coupang's alleged failure to maintain adequate internal controls that allowed unauthorized access to customer accounts [7]. - The firm is encouraging affected investors to contact them for potential participation in the lawsuit [1][5].

Core Point - The House Judiciary Committee has issued a subpoena to Coupang as part of an investigation into alleged discrimination against U.S. companies [1] Group 1 - The subpoena seeks communications between Coupang and other entities related to the ongoing probe [1]

Core Insights - The report summarizes significant analyst rating adjustments that could influence market trends, highlighting both upgrades and downgrades across various companies [1]. Upgrades - B. Riley upgraded Snap (SNAP) from Neutral to Buy, maintaining a target price of $10, citing strong growth in high-end subscription revenue and the rollout of high-margin advertising formats [5]. - Seaport Research upgraded FuboTV (FUBO) from Neutral to Buy with a target price of $3, viewing current uncertainties as a quality investment opportunity following a significant stock drop post-earnings [5]. - Wolfe Research upgraded Zoom Video Communications (ZM) from Peer Perform to Outperform, setting a target price of $115, anticipating a re-acceleration in growth and strong performance in its contract center and phone business [5]. - Jefferies upgraded Celanese (CE) from Hold to Buy, raising the target price from $43 to $86, suggesting it is a good time to buy despite potential earnings volatility in the first half of 2026 [5]. - Cantor Fitzgerald upgraded DigitalOcean (DOCN) from Neutral to Overweight, increasing the target price from $47 to $68, emphasizing its focus on digital-native enterprises and a strong foundation for market expansion [5]. Downgrades - Stifel downgraded Microsoft (MSFT) from Buy to Hold, reducing the target price from $540 to $392, citing supply issues with Azure and strong competition from Google Cloud [5]. - Susquehanna downgraded Qualcomm (QCOM) from Positive to Neutral, lowering the target price from $210 to $140, recommending a wait-and-see approach due to industry challenges [5]. - Citigroup downgraded Six Flags Entertainment (FUN) from Buy to Neutral, cutting the target price from $25 to $20, citing overvaluation after a 40% increase since November [5]. - Jefferies downgraded Steven Madden (SHOO) from Hold to Underperform, lowering the target price from $37 to $30, highlighting ongoing pressures in its wholesale business [5]. - JPMorgan downgraded Corteva (CTVA) from Overweight to Neutral, raising the target price from $75 to $77, based on valuation considerations [5]. Initiations - Benchmark initiated coverage on Cava Group (CAVA) with a Buy rating and a target price of $80, recognizing its leading position in the Mediterranean dining category [5]. - H.C. Wainwright initiated coverage on Incyte (INCY) with a Buy rating and a target price of $135, noting potential catalysts that could stabilize revenue expectations post-Jakafi patent expiration [5]. - Bernstein initiated coverage on Coupang (CPNG) with an Underperform rating and a target price of $17, favoring companies with strong growth potential driven by online penetration [5]. - Benchmark initiated coverage on Andersons (ANDE) with a Buy rating and a target price of $75, highlighting the growth momentum in its ethanol business [5]. - Bank of America initiated coverage on Wave Life Sciences (WVE) with a Buy rating and a target price of $38, emphasizing the differentiated advantages of its obesity drug WVE-007 [6].

Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly making false statements regarding its cybersecurity and regulatory compliance during the specified Class Period from May 7, 2025, to December 16, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Coupang had inadequate cybersecurity measures, which increased the risk of a data breach and potential regulatory scrutiny [3]. - Investors became aware of the company's cybersecurity issues through revelations starting in November 2025, which indicated that a former employee had access to sensitive customer information for nearly six months without detection [4]. - Following these disclosures, the price of Coupang securities experienced significant declines [4]. Group 2: Investor Information - Investors who purchased Coupang securities during the Class Period have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The law firm Berger Montague PC is leading the class action and provides contact information for interested investors [5]. Group 3: Company Overview - Coupang is headquartered in Seattle, Washington, and operates a diverse platform that includes retail, restaurant delivery, video streaming, and fintech services primarily for users in South Korea [2].

We recently published an article titled 12 High Growth E-commerce Stocks To Buy.  On January 12, Nomura downgraded Coupang, Inc. (NYSE:CPNG) to Neutral from Buy and lowered its price target to $22 from $30, citing heightened regulatory scrutiny in South Korea following a data breach incident in late November. The firm also sharply reduced its 2026 EPS forecast to reflect potential consumer compensation costs and the risk of a sizable regulatory fine. While these near-term overhangs have weighed on sentime ...