Where Will Coupang Stock Be in 1 Year? – The Motley Fool
The South Korean e-commerce leader looks like an undervalued growth stock.
Coupang (CPNG -0.72%) posted its second-quarter report on Aug. 8. The South Korean e-commerce leader’s revenue rose 16% year over year to $5.8 billion and exceeded analysts’ expectations by $140 million.
It generated a net profit of $145 million, which improved from its net loss of $75 million a year earlier and represented its fourth consecutive quarter of profitability on the basis of generally accepted accounting principles (GAAP). Its GAAP earnings per share (EPS) of $0.08 also cleared the consensus forecast by $0.03.
Those headline numbers looked solid, but Coupang’s stock only rose slightly after the report and remains nearly 50% below its initial public offering (IPO) price of $35. Will this oft-overlooked e-commerce stock finally return to its debut price over the next 12 months?
Accelerating revenue growth with expanding margins
When Coupang went public in March 2021, the bulls were dazzled by its…
The post Where Will Coupang Stock Be in 1 Year? – The Motley Fool first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/08/20/where-will-coupang-stock-be-in-1-year-the-motley-fool_2023082049171.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.