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What is Wall Street's Target Price for Coupang Inc (CPNG) Stock Thursday?

Thursday, September 22, 2022 09:54 AM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Coupang Inc (CPNG) Stock Thursday?

Wall Street is positive on Coupang Inc (CPNG). On average, analysts give Coupang Inc a Strong Buy rating. The average price target is $22.214, which means analysts expect the stock to gain by 33.42% over the next twelve months. That average ranking earns Coupang Inc an Analyst Rating of 53, which is better than 53% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.4
Wall Street analysts are rating CPNG a Strong Buy today. Find out what this means to you and get the rest of the rankings on CPNG!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Coupang Inc Stock Today?

Coupang Inc (CPNG) stock is trading at $16.65 as of 9:43 AM on Thursday, Sep 22, a decline of -$0.34, or -2% from the previous closing price of $16.99. The stock has traded between $16.64 and $17.18 so far today. Volume today is light. So far 31,256 shares have traded compared to average volume of 5,883,897 shares. Click Here to get the full Stock Report for Coupang Inc stock.

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