South Korea eCommerce Opportunity Affirms Coupang Inc. (CPNG) as a High Growth Large Cap Stock to Invest In 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.