Coupa Software (COUP) Gets a Buy from Needham

In a report released today, Joshua Reilly from Needham maintained a Buy rating on Coupa Software (COUPResearch Report), with a price target of $90.00. The company’s shares closed yesterday at $62.18.

Reilly covers the Technology sector, focusing on stocks such as ChannelAdvisor, TechTarget, and Jamf Holding. According to TipRanks, Reilly has an average return of -11.8% and a 22.22% success rate on recommended stocks.

Currently, the analyst consensus on Coupa Software is a Moderate Buy with an average price target of $74.21.

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COUP market cap is currently $4.72B and has a P/E ratio of -13.54.

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Founded in 2006 and based in California, Coupa Software, Inc. provides a cloud-based business spending management platform. The company’s platform consists of procurement, invoicing, expense management, and payment modules.

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