Coupang price target raised to $27 from $25 at Mizuho

Mizuho analyst James Lee raised the firm’s price target on Coupang (CPNG) to $27 from $25 and keeps a Neutral rating on the shares. The company’s Q4 results “were mostly constructive,” with EBITDA beating consensus due to operating leverage in core commerce and narrowing losses for developing offerings, the analyst tells investors in a research note. However, the firm points Coupang plans to increase investment in developing offerings and expects losses to expand in fiscal 2025.