Coupang Inc. (NYSE:CPNG) is one of the high-growth large-cap stocks to invest in now. On June 15, CLSA initiated coverage of Coupang Inc. (NYSE:CPNG) with an Outperform rating and a $24 price target. The research firm remains bullish on the company owing to its irreplaceable position in South Korea’s e-commerce market.
The company’s edge in Korea’s e-commerce market stems from its first-party-centric platform with nationwide logistics. Likewise, the research firm expects Coupang to be one of the biggest beneficiaries of Korea’s market, growing at a compound annual growth rate of 6% between 2025 and 2029. The growth would reflect normalization following a cyclical trough in 2024 and a modest rebound last year.
The research firm expects Coupang’s gross merchandise value share to grow from 32% in 2025 to 37% by 2029. The growth would mostly be driven by the first-party logistics edge. It also expects the e-commerce giant to deliver 12% compound annual revenue growth and 30% adjusted EBITDA growth.
Coupang Inc. is a major technology and e-commerce company, primarily operating in South Korea, where it is often referred to as the “Amazon of Korea”. It provides end-to-end retail, logistics, streaming, and food delivery services designed to make buying items incredibly fast and convenient.
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