Coupang price target raised to $25 from $24 at Barclays

Barclays raised the firm’s price target on Coupang to $25 from $24 and keeps an Overweight rating on the shares post the Q4 report. The company’s stronger than expected revenues coupled with better than expected margins demonstrate its “superb competitive positioning and execution,” the analyst tells investors in a research note. The firm views the 2024 outlook as solid.