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Evercore ISI Thinks Coupa Software’s Stock is Going to Recover

Evercore ISI analyst Peter Levine maintained a Buy rating on Coupa Software (COUPResearch Report) on July 19 and set a price target of $95.00. The company’s shares closed last Tuesday at $61.85, close to its 52-week low of $50.54.

According to TipRanks.com, Levine is a 1-star analyst with an average return of -5.0% and a 33.3% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bill.com Holdings, and Verint Systems.

Currently, the analyst consensus on Coupa Software is a Hold with an average price target of $82.33, which is a 27.8% upside from current levels. In a report issued on July 7, KeyBanc also maintained a Buy rating on the stock with a $75.00 price target.

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Coupa Software’s market cap is currently $4.67B and has a P/E ratio of -12.77.

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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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