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Mizuho Securities Keeps Their Hold Rating on Coupa Software (COUP)

Mizuho Securities analyst Siti Panigrahi maintained a Hold rating on Coupa Software (COUPResearch Report) on July 10 and set a price target of $75.00. The company’s shares closed last Friday at $66.93, close to its 52-week low of $50.54.

According to TipRanks.com, Panigrahi is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.7% and a 42.4% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

Currently, the analyst consensus on Coupa Software is a Hold with an average price target of $83.44, which is a 19.7% 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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