Raymond James Sticks to Their Buy Rating for Coupa Software Inc (COUP)


Raymond James analyst Brian Peterson maintained a Buy rating on Coupa Software Inc (NASDAQ: COUP) today and set a price target of $86. The company’s shares closed yesterday at $72, close to its 52-week high of $72.36.

According to TipRanks.com, Peterson is a top 25 analyst with an average return of 42.6% and a 89.7% success rate. Peterson covers the Technology sector, focusing on stocks such as Castlight Health, Upland Software, and Instructure Inc.

Currently, the analyst consensus on Coupa Software Inc is a Moderate Buy with an average price target of $80.71, a 12.1% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $92 price target.

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The company has a one-year high of $72.36 and a one-year low of $29.90. Currently, Coupa Software Inc has an average volume of 836.2K.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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