Is Coupang, Inc. (CPNG) a Good Tech Stock to Buy According to Brad Gerstner? [Yahoo! Finance]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance
Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter Capital , appeared in an interview on CNBC where he explained that tech stocks are expected to outperform non-tech stocks in 2024. Over the past 10 years, tech earnings have compounded at almost 16% and non-tech earnings have compounded at 6%. 2023 was a rebound year for the tech industry after a downturn in 2022 due to rising interest rates. Big Tech companies and their operational efficiencies have poised them for strong growth. While inflation and interest rates will determine what goes down, companies that have invested in augmented intelligence will experience secular growth. Gerstner thinks that the spread between 16% and 6% will be a recurring trend in 2024. Gerstner Thinks Now is the Right Time to Invest in Tech On June 11, Brad Gerstner made another appearance on CNBC and addressed the speculation surrounding the software industry Gerstner suggested that despite headwinds, the
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CPNG
News
- Coupang Insiders Sell US$5.0m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- Coupang (NYSE:CPNG) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (CPNG) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Coupang, Inc. (NYSE: CPNG) had its price target raised by analysts at Morgan Stanley from $26.00 to $27.00. They now have an "overweight" rating on the stock.MarketBeat
- Is Coupang (CPNG) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 5/7/24 - Miss
CPNG
Sec Filings
- 7/2/24 - Form 144
- 6/27/24 - Form 4
- 6/27/24 - Form 8-K
- CPNG's page on the SEC website