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Bernstein Initiates Coverage of Coupang (CPNG) With an Underperform Rating
Yahoo Finance· 2026-02-10 11:41
Coupang, Inc. (NYSE:CPNG) is one of the best e-commerce stocks to buy now. On February 5, Bernstein initiated coverage of Coupang, Inc. (NYSE:CPNG) with an Underperform rating and a $17 price target. The firm rolled out coverage of the Korean internet space, showing an inclination for companies “exhibiting strong growth potential” driven by online penetration rates, as well as companies with AI leadership. The firm anticipates a continuation of the online channel shift in the digital advertising space, sta ...
S. Korea Blames Coupang Data Breach on Management Failure, Not Sophisticated Attack
Insurance Journal· 2026-02-10 10:17
South Korean officials blamed a massive data leak last year at Coupang on management failure, rather than a sophisticated cyberattack, and urged the e-commerce giant to fix vulnerabilities in its security systems.Announcing the first findings of a government-led probe, the Science Ministry said on Tuesday a former Coupang engineer, who was aware of flaws in the authentication process, broke into the system in April, a breach that lasted until November. The same person had attempted to gain access in January ...
South Korea says Coupang must address security loopholes in probe of data breach
Reuters· 2026-02-10 05:16
Core Viewpoint - South Korean authorities have identified security vulnerabilities in Coupang's systems, which led to a significant data leak at the company [1] Group 1 - Coupang, a major player in the e-commerce sector, is under scrutiny for its security measures following a data breach [1] - The authorities have mandated that Coupang must address and rectify the identified security flaws to prevent future incidents [1]
CPNG DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Coupang, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - CPNG
TMX Newsfile· 2026-02-09 17:15
New York, New York--(Newsfile Corp. - February 9, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Coupang, Inc. (NYSE: CPNG) between August 6, 2025 and December 16, 2025, both dates inclusive (the "Class Period"), of the important February 17, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.SO WHAT: If you purchased Coupang securities during the Class Period you may be entitled to compensation without payment of any out ...
Bernstein Initiates Coupang (CPNG) Coverage with Underperform Rating, $17 PT
Yahoo Finance· 2026-02-09 17:05
Core Viewpoint - Coupang Inc. is currently viewed as a less favorable investment option, with recent downgrades and price target reductions from major firms indicating concerns over growth potential and regulatory risks [1][3]. Group 1: Analyst Ratings and Price Targets - Bernstein initiated coverage of Coupang with an Underperform rating and a price target of $17, reflecting a cautious outlook on the company's performance in the South Korean internet sector [1]. - Nomura downgraded Coupang from Buy to Neutral, lowering its price target from $30 to $22, citing increased regulatory risks following a data breach [3]. Group 2: Market and Sector Insights - The South Korean digital advertising market is expected to continue shifting towards online channels, with a preference for companies demonstrating high growth potential linked to online penetration and AI leadership [2]. - Despite the overall growth in digital advertising, the e-commerce and food delivery sectors are perceived to have limited growth opportunities at this time [2]. Group 3: Company Overview - Coupang Inc. operates a retail business through mobile applications and internet websites, both in South Korea and internationally, indicating its broad market presence [4].
DEADLINE NEXT WEEK: Berger Montague Advises Coupang, Inc. (CPNG) Investors to Contact the Firm Before February 17, 2026
TMX Newsfile· 2026-02-09 14:06
Core Viewpoint - A class action lawsuit has been filed against Coupang, Inc. for allegedly misleading investors about its cybersecurity measures, leading to significant financial losses following a major data breach affecting over 33 million customers [1][2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Coupang securities between May 7, 2025, and December 16, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint claims that Coupang's inadequate cybersecurity safeguards heightened the risk of a data breach [2]. Group 2: Cybersecurity Incident - In November 2025, disclosures revealed a data breach that compromised sensitive personal information of more than 33 million customers [3]. - Following the breach, Coupang's stock price experienced significant declines, with the company acknowledging the cybersecurity event on December 16, 2025 [3]. - This incident is noted as the largest cybersecurity event in South Korea's history [3].
Coupang, Inc. (CPNG) Says Additional 165k Users' Data Leaked, Interim CEO Investigated By South Korean Authorities For Potential Perjury, Securities Class Action Pending - Hagens Berman
Prnewswire· 2026-02-09 13:42
SAN FRANCISCO, Feb. 9, 2026 /PRNewswire/ -- On February 5, 2026, investors in Coupang, Inc. (NYSE: CPNG) saw the price of their shares fall again. This time, shares fell over 13% on a Reuters report that data of an additional 165,000 users was leaked in a major security breach on top of the previously reported 33 million users whose data was leaked. The next day, MAEIL BUSINESS NEWSPAPER reported that the company's interim CEO (Harold Rogers) is under investigation by South Korean authorities over whether s ...
Coupang Confirms More Data Leaks Which South Korean Aide Says Has ‘Shaken’ US Ties
Insurance Journal· 2026-02-09 12:43
U.S.-listed South Korean e-commerce company Coupang confirmed on Thursday [Feb. 5] that the data of an additional 165,000 users was leaked in a major security breach, which a South Korean government official said had shaken the country’s alliance with the U.S.Coupang Korea has been under a South Korean government probe over the leak last year of personal data affecting more than 33 million customers, which has created friction between the allies over trade and security ties. Coupang said on Thursday it had ...
CPNG 9-DAY DEADLINE ALERT: Hagens Berman Alerts Coupang, Inc. (CPNG) Investors to Deadline in Securities Class Action Over Data Breach and Alleged Disclosure Delays
TMX Newsfile· 2026-02-08 18:00
Core Insights - Coupang, Inc. experienced a significant drop in share price, falling over 13% due to a report of an additional 165,000 user data being leaked, compounding the previously reported breach affecting 33 million users [1][2] Company Developments - The interim CEO, Harold Rogers, is under investigation by South Korean authorities for potential perjury related to statements made about the data breach during a National Assembly hearing [2] - The investigation focuses on Rogers' claims that the cybersecurity incident was directed by the Korean government, which the government has denied [2] - Following the breach revelations, Coupang's share price has seen a severe decline since late November 2025 [2] Legal Actions - A securities class action lawsuit has been initiated to represent investors who acquired Coupang securities between May 7, 2025, and December 16, 2025, encouraging affected investors to report their losses [3][4] - The lawsuit alleges that Coupang misled investors by promoting "proactive security" measures while failing to detect a significant data breach for nearly six months, which affected 33.7 million accounts [4] - The breach was reportedly executed by a former employee using authentication keys that remained valid post-departure, leading to a $1.2 billion compensation plan and a CEO resignation, resulting in over $8 billion in market value loss [4] Company Statements - On December 29, 2025, Coupang filed a report with the SEC stating that its investigation was conducted under government direction, which may contradict earlier statements made by the interim CEO [5] - The firm Hagens Berman is leading the investigation into the claims and is encouraging whistleblowers with non-public information to come forward [6]
CPNG 12-DAY DEADLINE ALERT: Hagens Berman Alerts Coupang, Inc. (CPNG) Investors to Deadline in Securities Class Action Over Data Breach and Alleged Disclosure Delays
Prnewswire· 2026-02-05 21:34
SAN FRANCISCO, Feb. 5, 2026 /PRNewswire/ -- National shareholder rights firm Hagens Berman reminds investors in Coupang, Inc. (NYSE: CPNG) regarding the February 17, 2026 lead plaintiff deadline. Investors who purchased Coupang (CPNG) securities between May 7, 2025, and December 16, 2025, and suffered significant losses are encouraged to contact the firm. [CLICK HERE TO SUBMIT YOUR CPNG LOSSES] The firm is investigating the lawsuit's claims that Coupang misled investors by touting "proactive security" and " ...