Barclays analyst Raimo Lenschow maintained a Hold rating on Coupa Software Inc (NASDAQ: COUP) today and set a price target of $58. The company’s shares closed yesterday at $67.65, close to its 52-week high of $70.36.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 18.4% and a 73.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Citrix Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coupa Software Inc with a $62.56 average price target.
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Based on Coupa Software Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $15.45 million. In comparison, last year the company had a GAAP net loss of $13.74 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
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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.
