SunTrust Robinson Believes Upland Software (UPLD) Won’t Stop Here


In a report released yesterday, Terry Tillman from SunTrust Robinson reiterated a Buy rating on Upland Software (NASDAQ: UPLD), with a price target of $41. The company’s shares opened today at $36.69, close to its 52-week high of $37.44.

According to TipRanks.com, Tillman is a top 100 analyst with an average return of 36.4% and a 83.1% success rate. Tillman covers the Technology sector, focusing on stocks such as Manhattan Associates, Coupa Software Inc, and Ultimate Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Upland Software with a $39.40 average price target, a 7.4% upside from current levels. In a report released today, Roth Capital also upgraded the stock to Buy with a $43 price target.

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Based on Upland Software’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $3.16 million. In comparison, last year the company had a GAAP net loss of $5.81 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UPLD in relation to earlier this year. Earlier this month, Timothy Mattox, the President & COO of UPLD bought 15,860 shares for a total of $138,299.

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.

Upland Software, Inc. engages in the provision of cloud-based enterprise work management software applications for the information technology, marketing, finance, professional services, and process functions within organizations.

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