Here’s What You Need to Know About Coupang, Inc. (CPNG) Data Breach

Coupang, Inc. (NYSE:CPNG) is one of the Stocks That Will Go To The Moon in 2026. On December 12, the Financial Times released a report noting that South Korea’s online retailer Coupang, Inc. (NYSE:CPNG) faced a major data breach, which impacted more than two-thirds of the country’s population. The report highlighted that the breach started in June, but the company only became aware of it in November.

According to the report, the company has been late in responding to the situation. The CEO of the company’s South Korea subsidiary resigned, but has not offered any statement or apology.

After the report, on December 12, Morgan Stanley lowered the price target on Coupang, Inc. (NYSE:CPNG) from $35 to $31, but maintained a Buy rating on the stock. The firm noted that the adjusted price target reflects the potential financial impact of the recent security breach. He added that the incident has raised questions regarding the required security improvements. The firm noted that the financial impact of this event is expected to be minimal, thus there’s only a slight adjustment in the price target. He added that despite the event, the long-term case for the company remains intact.

Coupang Inc. (NYSE:CPNG) is a technology and e-commerce company that provides retail, delivery, video streaming, and fintech services to customers. It is best known for its innovative logistics infrastructure and focus on rapid delivery through a network of fulfillment centers and last-mile delivery capabilities.

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Disclosure: None. This article is originally published at Insider Monkey.