- Mizuho analyst James Lee maintained Coupang Inc (NYSE:CPNG) with a Neutral and raised the price target from $18 to $22.
- Coupang clocked 12.5% revenue growth in the second quarter to $5.04 billion, missing the consensus of $5.06 billion.
- EPS was $(0.04), beating the consensus of $(0.11).
- He highlighted that CPNG reported better than expected EBITDA due to its efforts to increase efficiency in core products while moderating investments in developing offerings.
- As a result, FY22 EBITDA guidance increased meaningfully from less than -$400 million to positive for the entire year.
- He raised the FY25 EBITDA estimate by 10% to $2.5 billion with a better than anticipated margin outlook.
- While he was encouraged by the EBITDA trajectory through cost management, his Neutral rating reflected CPNG’s premium valuation compared to global peers and ongoing competitive concerns.
- Price Action: CPNG shares traded lower by 4.66% at $18.84 on the last check Thursday.
Fiserv FY23 EPS Putlook $7.25 – $7.40 Vs. $7.28 Estimate
Outlook for 2023
Fiserv expects organic revenue growth of 7% to 9% and adjusted earnings per share of $7.25 to $7.40, representing growth of 12% to 14%, for 2023.
"Heading into an uncertain 2023, we remain
