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Mizuho Securities Sticks to Its Hold Rating for Coupa Software (COUP)

In a report issued on July 18, Siti Panigrahi from Mizuho Securities maintained a Hold rating on Coupa Software (COUPResearch Report), with a price target of $75.00. The company’s shares closed last Tuesday at $61.85, close to its 52-week low of $50.54.

According to TipRanks.com, Panigrahi ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.2% and a 42.1% 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 $82.33, which is a 27.8% 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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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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