5 Best Young Stocks to Buy and Hold For Next 20 Years

1. Coupang, Inc. (NYSE:CPNG)

Number of Hedge Fund Holders: 37     

Coupang, Inc. (NYSE:CPNG) owns and operates an e-commerce business through its mobile applications and websites primarily in South Korea. It is one of the major IPO stocks to invest in. On October 12, Coupang’s streaming platform, Coupang Play, acquired exclusive rights for NHL, the ice hockey league. Coupang Play will show two live games per week from the regular season and the playoffs. On September 29, Coupang said it has partnered with EUCHNER Korea and SICK Korea to secure standard safety related parts and control systems to be used for its logistics centers across Korea.

On August 15, Morgan Stanley analyst Seyon Park maintained an Overweight rating on Coupang (NYQ:CPNG) stock and raised the price target to $25 from $18, noting that the company is expected to see efficiency gain and had an accelerated EBITDA trajectory. 

Among the hedge funds being tracked by Insider Monkey, Dallas-based investment firm Maverick Capital is a leading shareholder in Coupang, Inc. (NYSE:CPNG), with 84.5 million shares worth more than $1 billion. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Coupang, Inc. (NYSE:CPNG) was one of them. Here is what the fund said:

“During the quarter, we also added to our position in the leading Korean e-commerce player, Coupang, Inc. (NYSE:CPNG), taking advantage of the stock’s volatility. While the stock sold off, the business remains robust, growing revenues by 32% in the most recent quarter (year-over-year in constant currency) while gaining market share (the industry grew 8%) and reaching profitability in its product commerce segment three quarters ahead of plan.”

You can also take a peek at 10 Best MLP Dividend Stocks to Buy and 10 Best Stocks to Buy According to Billionaire Dan Loeb.

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