CPNG 2Q23 Results: Acceleration in User Growth Likely to Continue
What’s new: Coupang’s reported 2Q23 results were above consensus and our expectations as the company continues to grow multiples of the market. Coupang plans to increase its investments in developing offerings partly driven by encouraging progress in initiatives such as Eats and Taiwan. We maintain our PT at USD25.Analysts:
Jin Yoon
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