Coupang Continues to Grow Like Gangbusters. Does That Make the Stock a Buy?
Since its debut on the public markets a little over a year ago, Coupang (NYSE: CPNG) has gone from beloved IPO stock to left for dead. Along with many other recent IPOs, the stock is down over 60% from its IPO price.
However, its business has continued to put up solid growth numbers at scale. The South Korean e-commerce and logistics platform has gained market share in its home country and is moving quickly with new initiatives like food delivery and financial technology (fintech) services.
Does this divergence between the stock and business results make Coupang a buy? Let's investigate.
Source Fool.com
