In a report released yesterday, Robert Breza from Northland Securities maintained a Hold rating on Coupa Software Inc (COUP), with a price target of $85. The company’s shares closed yesterday at $90.53, close to its 52-week high of $99.64.
According to TipRanks.com, Breza is a 5-star analyst with an average return of 12.6% and a 62.7% success rate. Breza covers the Technology sector, focusing on stocks such as Salesforce.com, Workday Inc, and FireEye Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coupa Software Inc with a $98.90 average price target, representing a 9.2% upside. 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.
