4 Reasons to Buy Coupang Stock Like There's No Tomorrow
With 21 million active customers -- a count that grew by more than 16% last year -- South Korean e-commerce juggernaut Coupang (NYSE: CPNG) has quickly become the sixth-most-powerful brand in its home country. Thanks to its legions of loyal customers, Coupang has doubled its sales since its initial public offering (IPO) in March 2020, and it broke even on the bottom line in 2023.
Despite its promising operational performance as a business, its shares remain 62% below their IPO price. Could this spell opportunity for investors today? Here are four reasons why I think it does.
Coupang may have a natural advantage compared to its e-commerce peers in other countries due to South Korea's high population density. With a population density 15 times higher than the United States, South Korea is almost tailor-made for e-commerce since physical retail space is hard to find and expensive.
Source Fool.com
