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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.