|Bid||16.67 x 1800|
|Ask||16.67 x 800|
|Day's range||16.02 - 16.71|
|52-week range||8.98 - 27.12|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Coupang, Inc. (CPNG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
With nearly 35% of the entire population of South Korea using its platform, Coupang is the e-commerce stalwart in the country. It provides an Uber Eats-style offering (Coupang Eats) and a streaming service called Coupang Play. Coupang also does something that few other e-commerce businesses do: It sells consumer staples.
Amazon (NASDAQ: AMZN) has put up record stock returns since going public in the late 1990s. If you want to buy other e-commerce stocks to ride this global retail transition, look no further than Coupang (NYSE: CPNG), which recently had its initial public offering. What is Coupang?