30 Best Stocks To Invest In According to Billionaires

27. Coupang, Inc. (NYSE:CPNG)

No. of Billionaire Investors: 20

Total Value of Billionaire Holdings: $1.41 Billion

Coupang, Inc. (NYSE:CPNG) owns and operates a retail business, which primarily serves the Korean retail market. The company operates through mobile applications and Internet websites, offering products and services including home goods and decor, apparel and beauty products, fresh food and grocery, sporting goods, electronics, everyday consumables, travel, restaurant order and delivery, content streaming, and advertising.

In FY2024, the company’s major highlight was the growth in its developing offerings, which include international business, food delivery platform Coupang Eats, mobile games platform Coupang Play, fintech, and Farfetch, the luxury online fashion platform it acquired last year. The expansion in global markets is reaping positive results for the company. Coupang has launched its WOW membership program in Taiwan, indicating strong international growth potential.

In FY2024, Coupang, Inc. (NYSE:CPNG) experienced a revenue growth of 24% year-over-year to $30.3 billion. The adjusted EBITA was around $1.4 billion with a 4.5% margin. The company generated over $1 billion in FCF last year.

On February 27, Barclays analyst Jiong Shao upgraded the price target on CPNG shares from $34 to $35 and kept an Overweight rating on the stock. The analyst is bullish on the company following its solid Q4 results and positive future outlook.