CPNG - 1 Growth Stock Down 67% to Buy Hand Over Fist in 2024
2024-01-15 09:23:00 ET
Sometimes it can take painstaking patience to be a growth stock investor. A stock may spend multiple years in the gutter even though its business fundamentals are consistently improving. This can be a frustrating experience, but it can provide fantastic buying opportunities for investors with an extended time horizon.
Coupang (NYSE: CPNG) describes this bifurcation to a T. The stock is down 67% from all-time highs set right after its initial public offering (IPO) in 2021 even though its business is thriving. The South Korean e-commerce giant is expanding its margins, rapidly growing sales, and dominating local competitors.
Here's why 2024 could be a perfect time to buy shares of Coupang stock.
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1 Growth Stock Down 67% to Buy Hand Over Fist in 2024