In a report released yesterday, Raimo Lenschow from Barclays maintained a Hold rating on Coupa Software Inc (COUP), with a price target of $86. The company’s shares closed yesterday at $90.53, close to its 52-week high of $99.64.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.5% and a 74.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.
Coupa Software Inc has an analyst consensus of Moderate Buy, with a price target consensus of $97.64, which is a 7.9% upside from current levels. In a report issued on March 8, Morgan Stanley also maintained a Hold rating on the stock with a $76 price target.
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Based on Coupa Software Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $16.57 million. In comparison, last year the company had a GAAP net loss of $8.72 million.
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Coupa Software, Inc. is cloud platform for business spend. It develops software solutions for sourcing; procurement and expense management that help companies control their spending. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.
