Investors Are Bullish on These 5 Stocks Today

In this article, we take a look at five stocks that are gaining today. If you want to take a look at some more stocks that are rising on Friday and the latest market situation, go to Investors Are Bullish on These 10 Stocks Today.

5. Coupang, Inc. (NYSE:CPNG) has climbed 4.25% as of 12:15 PM ET after Stanley Yang at JPMorgan upgraded the stock from a Neutral to an Overweight rating with a price target of $17. The target price provides a potential upside of over 41% from Thursday’s closing price. The analyst thinks that the stock of the South Korea-based e-commerce company has been oversold as it has lost 60% of its value since the start of 2022. Yang thinks that Coupang, Inc. (NYSE:CPNG) is expected to gain market share in the future and surprise its investors when it reveals Q1 2022 results on May 11. The analyst sees the risk vs. reward profile of Coupang, Inc. (NYSE:CPNG) stock as favorable.

As of Q4 2021, 29 hedge funds held a stake in Coupang, Inc. (NYSE:CPNG).