Coupang (NYSE: CPNG), South Korea’s leading e-commerce provider, has a substantial market presence with 23.6 million active customers, roughly half of the adult population. Despite achieving consistent double-digit revenue growth and profitability two years ago, Coupang’s stock is trading 23% below its IPO price of $35 and over 60% lower than its all-time high. However, with a 24% rise year-to-date, there’s optimism for continued performance, suggesting Coupang could outperform the market in the upcoming year and beyond.
