Coupang (CPNG) Maintained at Buy With $24 PT

Core Viewpoint - Coupang Inc. (NYSE:CPNG) is currently viewed as a stock with significant upside potential despite recent price target reductions from various analysts [1][3]. Group 1: Analyst Ratings and Price Targets - Citi has reduced its price target for Coupang from $27 to $24 while maintaining a Buy rating [1]. - Bernstein initiated coverage of Coupang with an Underperform rating and set a price target of $17, indicating a preference for companies with strong growth potential linked to online penetration and AI leadership [2]. - Nomura downgraded Coupang to Neutral from Buy and lowered its price target to $22 from $30, citing heightened regulatory risks following a data breach [3]. Group 2: Market Position and Operations - Coupang operates a retail business through mobile applications and internet websites in South Korea and internationally, with segments including Product Commerce and Developing Offerings [4]. Group 3: Industry Insights - The digital advertising sector is expected to continue shifting towards online channels, with Korea currently having lower penetration compared to the US and China [2]. - The e-commerce and food delivery sectors in Korea are perceived to have limited growth opportunities [2].