Morgan Stanley Raises PT on Coupang, Inc. (CPNG) to $35; Maintains ‘Overweight’ Rating

Coupang, Inc. (NYSE:CPNG) is one of the 15 Stocks That Will Benefit From AI.

Morgan Stanley Raises PT on Coupang, Inc. (CPNG) to $35; Maintains ‘Overweight’ Rating

Following the company’s impressive second-quarter results, Morgan Stanley raised its price target on Coupang, Inc. (NYSE:CPNG) from $32 to $35 on August 20, 2025, reiterating its Overweight rating. Coupang demonstrated increasing business momentum with a 30% gross profit margin and a 19% increase in revenue. Taiwan is currently the focus of investor attention, as the company foresees a bright future there.

According to Morgan Stanley, the unit is a “key driver of longer-term growth,” and Coupang, Inc. (NYSE:CPNG)’s expansion story revolves around its eventual profitability. The higher target highlights confidence in the company’s global trajectory by reflecting forecasts of higher earnings contributions from Taiwan, as well as reduced share price volatility and lower correlation in recent years.

With its main operations in South Korea and growing presence in Taiwan and other regions, Coupang, Inc. (NYSE:CPNG) runs a worldwide e-commerce ecosystem that includes retail, grocery, food delivery, digital content, fintech, and luxury fashion. It is on our list of the Best AI Stocks.

While we acknowledge the potential of CPNG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CPNG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.