In a report released yesterday, Patrick Walravens from JMP Securities maintained a Hold rating on Coupa Software Inc (COUP). The company’s shares closed yesterday at $90.53, close to its 52-week high of $99.64.
According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.9% and a 73.7% success rate. Walravens covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Salesforce.com, and Ellie Mae Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coupa Software Inc with a $97.64 average price target, 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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The company has a one-year high of $99.64 and a one-year low of $43.89. Currently, Coupa Software Inc has an average volume of 1.37M.
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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.
