Barclays analyst Raimo Lenschow maintained a Hold rating on Coupa Software Inc (NASDAQ: COUP) yesterday and set a price target of $69. The company’s shares closed yesterday at $76.88, close to its 52-week high of $84.53.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.0% and a 74.6% 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 $80.71 average price target, a 5.0% upside from current levels. In a report issued on September 4, Morgan Stanley also maintained a Hold rating on the stock with a $73 price target.
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The company has a one-year high of $84.53 and a one-year low of $30.07. Currently, Coupa Software Inc has an average volume of 895.4K.
Based on the recent corporate insider activity of 69 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.
