12 Most Promising Growth Stocks According to Wall Street Analysts

8. Coupang, Inc. (NYSE:CPNG)

Analyst Upside as of January 23, 2025: 41%

Number of Hedge Fund Holders: 56

Coupang, Inc. (NYSE:CPNG) is a technology company that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under the brands Coupang, Coupang Eats, and Coupang Play, to name a few. The company leverages technology to predict unexpected spikes in demand, allowing it to meet customer demand no matter the conditions. In addition to that, Coupang’s (NYSE:CPNG) proprietary robots can manage and sort orders in seconds, without having to carry and lift items.

In the third quarter of 2024, CPNG generated $7.9 billion in net revenues, up by 27% year-over-year. In addition to that, net income was worth $64 million and gross profit was up by 45% year-over-year. Its product commerce revenue made up most of the revenue, reaching $6.9 billion, up by 16% year-over-year. Similarly, active customers for its product commerce segment hit 22.5 million, up by 11% from the same period in 2023.

Through its innovations, CPNG has managed to deliver cost savings, reduce wastage, and predict demand. This explains why analysts are bullish on the stock with their median price target representing an upside of 41% from current levels.

Appalaches Capital stated the following regarding Coupang, Inc. (NYSE:CPNG) in its Q3 2024 investor letter:

“A new core holding of the portfolio that may appear confusing is Coupang, Inc. (NYSE:CPNG). Coupang mainly provides a first-party marketplace in South Korea and Taiwan that is similar to Amazon here in the U.S. Coupang additionally has other digital services such as Coupang Play (streaming), Coupang Eats (food delivery), and Coupang Pay (payments). Coupang has a dominant position in South Korean e-commerce, with nearly half of the population represented as an active customer on the platform. At first glance, the company appears marginally profitable and very expensive against current earnings, so it certainly appears to be an outlier against the rest of the portfolio.”