S&P 500 Futures Decline in Premarket Trading; Globe Life, Coupang Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2024
0mins
Source: MarketWatch
- Stock Market Pre-Market Trading: Globe Life Inc. (GL) and Coupang Inc. (CPNG) showed gains of 6.0% and 5.6%, respectively, before the U.S. stock markets opened.
- Stock Performance: AngloGold Ashanti PLC (AU), GitLab Inc. Cl A (GTLB), and Campbell Soup Co. (CPB) saw gains of at least 3%, while Zoetis Inc. (ZTS) and Arista Networks Inc. (ANET) experienced declines of 4.4% and 3.6% in early trading.
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Analyst Views on CPNG
Wall Street analysts forecast CPNG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPNG is 37.50 USD with a low forecast of 32.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 20.790
Low
32.00
Averages
37.50
High
40.00
Current: 20.790
Low
32.00
Averages
37.50
High
40.00
About CPNG
Coupang, Inc. is a technology company that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands, such as Coupang, Coupang Eats, Coupang Play, Farfetch, and Rocket Now. Through its AI cloud computing service as Coupang Intelligent Cloud (CIC), it enhances its services and operations and provides GPU-as-a-Service (GPUaaS), including to external parties. Its Product Commerce segment includes its core Korean retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, its fresh grocery offering, as well as advertising products associated with these offerings. Its Developing Offerings include Coupang Eats, its restaurant ordering and delivery service in Korea, Coupang Play, an online content streaming service in Korea, fintech, its retail operations in Taiwan, as well as advertising products associated with these offerings, and also include Farfetch, its global luxury fashion marketplace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
