When it comes to retail giants, Amazon is perhaps the first stock that comes to your mind. Yet, Coupang seems to be the “next Amazon” – and even better in some areas that Amazon failed.
Online rumours describe Coupang as the “Amazon of North Korea”. Yet, if we have a closer look, we might even conclude that it’s actually better in some aspects compared to the U.S. e-commerce company. Let’s take a closer look at Coupang’s business plans and growth potential.
How & Where to Buy Coupang Stock Online
Coupang (NYSE: CPNG) stock can be bought after registering with an online broker that provides access to the New York Stock Exchange. Then, fund your account and start trading Coupang stock and many other assets. These are our top recommended brokers:
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What Is Coupang?
Coupang is a South Korean online retail company. It is quickly gaining momentum as the small e-tailer has a massive growth, even compared to Amazon.
Should I Buy Coupang Today?
Coupang had a top-line growth of 91% in FY 2020 while the U.S. giant only 28%. Coupang has more than 100 distribution centres in South Korea, which means that customers enjoy better and quicker service when it comes to placing orders. Its Amazon Prime equivalent is popular among one-third of the entire country’s population, while active customers spend 44% more than last year.
Coupang is not profitable for now, and investors may have to be patient. Yet, Coupang seems to succeed in many areas that Amazon has yet to achieve or has already quit. If you are in team Amazon, you may also want to have a look at Amazon’s potential in the near term.
Is Coupang truly the next Amazon? Perhaps not, as its quick growth and excellent service are already better than the top dog in the United States.
Coupang Price Prediction 2021
Coupang stock price is expected to reach a high price estimate of $61 (an increase of 130.7%) and a low price of $32, which is an increase of 21% compared to the price as of this writing.