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Stock impact report

Morgan Stanley Cuts Coupang (CPNG) PT to $31 Over Security Risks, Maintains Overweight Rating [Yahoo! Finance]

Coupang, Inc. Class A (CPNG) 
Company Research Source: Yahoo! Finance
firm's price target on Coupang to $31 from $35 and maintained an Overweight rating on the shares. Following Coupang's recent security breach, Morgan Stanley reduced its valuation estimates to reflect a more cautious risk profile. The firm's new projections bake in higher costs for security infrastructure; however, Park noted that the breach is unlikely to disrupt Coupang's actual business activities or customer fulfillment. On December 1, Coupang disclosed a massive data breach affecting 33.7 million customer accounts, representing nearly two-thirds of the nation's population. The leak compromised sensitive information, including email addresses, phone numbers, and shipping addresses. This incident caps a record-breaking year for cyberattacks in South Korea, following significant breaches at SK Telecom, KT Corp, and the crypto exchange Upbit. In Q3 2025, Coupang reported revenue of $9.3 billion, representing an 18% year-over-year increase. Despite heavy investments in new markets, Show less Read more
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