Stock Price Prediction

Analysis and Insights

Technical Analysis:

Coupang (CPNG) stock is currently trading near its support level based on Fibonacci analysis, with a pivot point at 23.87. The stock has shown signs of oversold conditions with an RSI of 30, indicating potential for a short-term rebound.

Fibonacci Levels:

• Pivot Point: 23.87
• Resistance 1: 25.33
• Support 1: 21.51

Recent Price Action:

The stock closed at 22.75 on March 7, 2025, with a slight decline of 1.81% during regular market hours. The Fibonacci levels suggest that the stock may find support near 21.51 and resistance near 25.33 in the short term.

Fundamental Analysis:

Coupang has shown strong revenue growth, with a 27% year-over-year increase in Q3 2024, driven by expanding services like Coupang Eats and Coupang Pay. The company's focus on logistics expansion and diversification into luxury markets through Farfetch adds to its growth potential.

Valuation:

Coupang's forward P/E ratio of 48 reflects high growth expectations, though it remains above peers like Sea Limited and Alibaba, which trade at lower multiples.

Analyst Sentiment:

Analysts are cautiously bullish, with a consensus "Moderate Buy" rating. The stock is expected to benefit from its dominant position in the South Korean market and expanding international presence.

Conclusion:

Based on the oversold RSI and nearby support, CPNG is likely to see a short-term rebound. The stock is expected to reach $23.87 by the end of the next trading week. Buy on dips near the support level of 21.51, targeting the Fibonacci pivot point at 23.87.