Shares of Coupang, Inc. (CPNG) are soaring 5.00% in pre-market trading on Wednesday, following the release of strong Q1 2025 earnings and a target price upgrade from JP Morgan.
The South Korean e-commerce giant reported its first-quarter results for 2025 after the market close on Tuesday. While specific details of the earnings were not provided, the market reaction suggests that the company's performance exceeded expectations, potentially showing continued growth in its core e-commerce business and other segments such as Coupang Eats and Coupang Play.
Adding to the positive sentiment, JP Morgan raised its target price for Coupang from $30 to $31. This upgrade indicates that the financial institution has an optimistic outlook on the company's future performance and growth prospects. The combination of strong earnings and the raised target price appears to be driving investor enthusiasm, resulting in the significant pre-market stock price increase.
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