“Coupa reported solid F3Q results and raised guidance. Sales execution appeared strong, with 30%+ growth trends across subscription revenue, total revenue, subscription billings, total billings, deferred revenue, and spend under management. Additionally, management expects the positive operating profit inflection to come this year, which is ahead of plan, demonstrating good management execution. On balance, margin expansion trends may slow over the next several quarters as the recent acquisitions are integrated into the business. Bottom line: We believe the F3Q results lend support to our thesis that the business is positioned to disrupt a large spend management TAM while delivering sustainable 30% subscriptions revenue growth and operating leverage, with potential catalysts ahead (payments). Reiterate Outperform. Lower PT to $80 (from $90) on group multiples contraction.”
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 31.5% and a 78.4% success rate. Ikeda covers the Technology sector, focusing on stocks such as BlackLine Inc, SPS Commerce, and Liveperson.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coupa Software Inc with a $81.60 average price target, which is a 18.6% upside from current levels. In a report issued on November 27, RBC Capital also maintained a Buy rating on the stock with a $83 price target.
The company has a one-year high of $84.53 and a one-year low of $30.65. Currently, Coupa Software Inc has an average volume of 1.03M.
Based on the recent corporate insider activity of 88 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.