Coupang Inc (NYSE:CPNG) reported worse-than-expected second-quarter financial results, after the closing bell on Tuesday.Coupang reported quarterly losses of 9 cents per share which missed the analyst consensus estimate of losses of 7 cents per share. The company reported quarterly sales of $8.900 billion which missed the analyst consensus estimate of $8.917 billion.Coupang shares gained 0.5% to $16.08 in pre-market trading.These analysts made changes to their price targets on Coupang following earnings announcement.
Deutsche Bank analyst Peter Milliken upgraded the stock from Hold to Buy and cut the price target from $23 to $21.5.
B of A Securities analyst Ahyung Cho maintained the stock with a Buy and slashed the price target from $27 to $24.
