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. (NYSE:CPNG) 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.
While we acknowledge the risk and potential of CPNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CPNG and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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