Coupang Inc (NYSE:CPNG) reported worse-than-expected second-quarter financial results, after the closing bell on Tuesday.

Coupang reported quarterly losses of 9 cents per share which missed the analyst consensus estimate of losses of 7 cents per share. The company reported quarterly sales of $8.900 billion which missed the analyst consensus estimate of $8.917 billion.

Coupang shares gained 0.5% to $16.08 in pre-market trading.

These analysts made changes to their price targets on Coupang following earnings announcement.

  • Deutsche Bank analyst Peter Milliken upgraded the stock from Hold to Buy and cut the price target from $23 to $21.5.
  • B of A Securities analyst Ahyung Cho maintained the stock with a Buy and slashed the price target from $27 to $24.

Considering buying CPNG stock? Here’s what analysts think:

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