CPNG Crosses Above Average Analyst Target
April 16, 2024 at 06:39 AM EDT
In recent trading, shares of Coupang Inc (CPNG) have crossed above the average analyst 12-month target price of $21.61, changing hands for $21.65/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..