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Coupa Software (COUP) Gets a Hold Rating from RBC Capital

RBC Capital analyst Rishi Jaluria maintained a Hold rating on Coupa Software (COUPResearch Report) on July 18 and set a price target of $65.00. The company’s shares closed last Wednesday at $68.84, close to its 52-week low of $50.54.

According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

The word on The Street in general, suggests a Hold analyst consensus rating for Coupa Software with a $83.44 average price target, which is a 33.2% upside from current levels. In a report issued on July 18, Piper Sandler also maintained a Hold rating on the stock with a $65.00 price target.

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Based on Coupa Software’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $196 million and GAAP net loss of $81.47 million. In comparison, last year the company earned revenue of $167 million and had a GAAP net loss of $100 million.

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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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