Coupa Software (COUP) Receives 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 opened today at $45.76.

Reilly covers the Technology sector, focusing on stocks such as Axon Enterprise, TechTarget, and Tyler Technologies. According to TipRanks, Reilly has an average return of -9.0% and a 28.77% success rate on recommended stocks.

Coupa Software has an analyst consensus of Hold, with a price target consensus of $69.70, implying a 52.32% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $75.00 price target.

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COUP market cap is currently $3.47B and has a P/E ratio of -9.95.

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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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