Where Will Coupang Stock Be in 1 Year?
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Coupang (NYSE: CPNG), the leading e-commerce company in South Korea, has disappointed early investors following its Mar. 2021 debut. The company priced its IPO at $35.00, and shares opened at $63.50 on their first day of trading. However, the stock trades at $23.00 per share as of this writing.It initially dazzled investors with its rapid growth, but the bulls retreated as they fretted over macroeconomic and competitive challenges. With a market capitalization of $42 billion, Coupang trades at just 1.2 times its projected sales for 2025. Here's what may lie in store for the e-commerce leader this year.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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