Why Analysts Are Still Recommending Coupang Inc (CPNG) Stock

Coupang Inc (NYSE:CPNG) is one of billionaire David Abrams’ top stock picks with upside potential. Coupang shares have gone up more than 26% over the past month, and analysts project a nearly 30% upside from the current level. This Asian e-commerce stock is loved by elite investors as it is held by some 86 hedge funds.

Why Analysts Are Still Recommending Coupang Inc (CPNG) Stock

In a note to investors on June 15, the equity research firm CLSA recommended buying Coupang Inc stock, pointing to the company’s competitive strength and expanding market. CLSA initiated coverage of CPNG stock with an Outperform rating and $24 price target.

According to the brokerage, Coupang has built a strong retail platform and a nationwide logistics network that strengthens its leading position in the Korean e-commerce market. The brokerage expects the Korean e-commerce market to grow at a compound annual rate of 6% between 2025 and 2029. Additionally, CLSA expects Coupang to begin reaping from its AI investments and benefit from market consolidation.

Coupang Inc is an Asian-focused e-commerce and logistics company in the mold of Amazon. It operates an online retail platform, provides food delivery, and offers video streaming services. Coupang also has an Amazon Prime-like membership program.

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