Coupang, Inc. (CPNG) Upgraded to Buy: Is the Worst of the Data Leak Over?

Company Overview - Coupang, Inc. operates a retail business through mobile applications and websites in South Korea and internationally, founded in 2010, and has two segments: Product Commerce and Developing Offerings [4] Recent Analyst Ratings - Deutsche Bank upgraded Coupang, Inc. to Buy from Hold with a price target of $25, indicating a potential upside of 23% from the lowest 1-year price target of $22 [1] - BofA Securities reduced its price target for Coupang, Inc. from $38.00 to $32.00 while maintaining a Buy rating, citing a stringent regulatory environment due to a personal-data leak incident [2] Regulatory Challenges - Coupang, Inc. faces ongoing regulatory scrutiny related to fair trade, labor, and tax concerns, which are not new issues in the Korean industry, as regulation has been a persistent risk [3] - The ongoing investigations may negatively impact investor sentiment and create uncertainties for the company [3]