CPNG - A Bull Market Is Coming: Buy This Asian E-commerce Giant Before It's Too Late
2023-09-28 07:16:00 ET
South Korea is much different than the United States, both culturally and geographically. It has only a small percentage of the land mass, a population centered around one urban area (Seoul), and just a small sliver of the physical retail locations such as shopping malls.
All these qualities have allowed e-commerce upstart Coupang (NYSE: CPNG) to thrive since its founding in 2010. It is now the largest online shopping platform in the nation and is still growing like gangbusters. And yet, the stock is down 66% since it went public in 2021. I think this makes Coupang a great opportunity for growth stock investors at these prices.
Here's why you should buy shares of Coupang before the next bull market in technology stocks.
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A Bull Market Is Coming: Buy This Asian E-commerce Giant Before It's Too Late