Bernstein Maintains Underperform Rating on Coupang, Lowers Price Target
Bernstein reaffirmed its 'Underperform' rating on Coupang and reduced its price target from $12 to $11.
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Coupang, Inc. reported third-quarter revenue of $9.96 billion, exceeding analyst expectations, while recording a wider-than-expected loss due to a warehouse fire.
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Bernstein reaffirmed its 'Underperform' rating on Coupang and reduced its price target from $12 to $11.
A Seoul court has denied Coupang's request to stay the execution of a 423.58 billion won ($315.72 million) penalty surcharge related to a major data breach.
Coupang reported Q3 2026 consolidated net revenues of $10 billion with 11% constant currency growth. The company is accelerating infrastructure investments in Taiwan where WOW membership grew over 100% year-over-year, while its core Product Commerce business in Korea faces temporary margin pressures expected to recover by mid-2027. Rocket Fresh grocery delivery is expanding rapidly, and the company continues leveraging its owned logistics network and automation to reduce costs and improve customer engagement.
Citigroup has upgraded its rating for Coupang, Inc. to Buy from Neutral, setting a price target of $19 per share.