0218 GMT - Coupang may post steady top-line growth this year after a rise in average customer spending led to strong 4Q results, Daiwa Capital analysts Thomas Y. Kwon and Joon Lee write in a note. They raise their 2025 revenue projection for the U.S.-listed South Korean e-commerce platform by 0.4%. They expect Coupang to report a 16% increase in revenue this year, compared with management's expectations of more than 20% growth. They cut their 2025 net profit forecast for Coupang by 8.4% after management flagged higher corporate taxes. Daiwa raises the stock's target by 55% to $31.00 and keeps a buy rating. Shares closed 3.5% higher at $25.01 overnight. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 21:18 ET (02:18 GMT)
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