0944 GMT - Coupang's margins are expected to improve, Deutsche Bank analyst Peter Milliken says in a note. The bank raises its adjusted Ebitda margin forecast to reach 10.3% from the 9.8% previously expected. While Deutsche Bank had been concerned that Korea's sluggish retail market may limit Coupang's growth, normalization of the market in 3Q have eased concerns. "We are increasingly comfortable with Coupang's ability to succeed in Taiwan, a retail market one-third the size of Korea," he adds, citing a rapidly growing customer base there. Deutsche Bank maintains a hold rating on Coupang's stock but lifts its target price to $29.00 from $27.50 on higher long-term margin assumptions. Shares last closed at $30.22. (jason.chau@wsj.com)
(END) Dow Jones Newswires
November 06, 2025 04:44 ET (09:44 GMT)
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