1 Wall Street Analyst Thinks Coupang Stock Is Going to $32. Is It a Buy Around $22?

Coupang's sneakily great quarter While Coupang's generally accepted accounting principles (GAAP) sales grew by 23% year over year in Q1, its actual growth was even more impressive. Due to an accounting change made last year regarding its Fulfillment and Logistics by Coupang unit (FLC), Coupang's true revenue growth was 10 percentage points higher at 33%. Accounting for these FLC accounting adjustments, this was the fourth consecutive quarter that the company's sales growth accelerated, rising from 20% year ...