5 Stocks That Will Double In 2023

3. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 47

We saw 47 hedge funds long Coupang, Inc. (NYSE:CPNG) in the second quarter, with a total stake value of $3.8 billion.

Coupang, Inc. (NYSE:CPNG) is a broad-line retail company that owns and operates an e-commerce business in South Korea. It is based in Seattle, Washington.

Barclays’ Jiong Shao maintains an Overweight rating and a $24 price target on Coupang, Inc. (NYSE:CPNG) shares as of August 10.

On January 11, Investor Place mentioned Coupang, Inc. (NYSE:CPNG) as one of the stocks that might double in 2023. However, by September 16, the stock only rose by 6.38%.

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