Barclays analyst Raimo Lenschow maintained a Hold rating on Coupa Software Inc (NASDAQ: COUP) on June 5 and set a price target of $53. The company’s shares closed yesterday at $60.73, close to its 52-week high of $62.24.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.5% and a 75.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Citrix Systems, and Salesforce.com.
Currently, the analyst consensus on Coupa Software Inc is Moderate Buy and the average price target is $59, representing a -2.8% downside.
In a report issued on June 5, Morgan Stanley also maintained a Hold rating on the stock with a $57 price target.
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The company has a one-year high of $62.24 and a one-year low of $28.52. Currently, Coupa Software Inc has an average volume of 780.8K.
Based on the recent corporate insider activity of 46 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.
