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Did Coupang Stock Finally Bottom Out This Week?

·3 min read
Did Coupang Stock Finally Bottom Out This Week?
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Coupang (NYSE: CPNG) doesn't have a very impressive stock chart these days, but things may be looking up for the South Korean online retailer. For the second time since reporting poorly received quarterly results two weeks ago, an analyst is stepping up to upgrade shares of Coupang. Two weeks ago, it was Peter Milliken upgrading the stock from hold to buy with a price target of $44, implying 43% of upside from where shares are now.