Morgan Stanley has raised its price target on Coupang, Inc. from $32 to $35, while reiterating its 'Overweight' rating on the stock. This adjustment follows the company's second-quarter results, which demonstrated increasing business momentum.
The firm highlighted Coupang's 30% gross profit margin as a key factor contributing to its positive outlook. This indicates strong operational efficiency and profitability within the company's core business segments.
This updated rating and price target from Morgan Stanley signal continued confidence in Coupang's ability to execute its growth strategy and deliver value to shareholders. The firm's analysis suggests a favorable trajectory for the e-commerce giant.
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