Coupa Software Inc (COUP) Gets a Buy Rating from Merrill Lynch


In a report released yesterday, Bradley Sills from Merrill Lynch reiterated a Buy rating on Coupa Software Inc (COUP), with a price target of $178. The company’s shares closed last Monday at $150.90, close to its 52-week high of $152.

According to TipRanks.com, Sills is a 5-star analyst with an average return of 17.7% and a 67.3% success rate. Sills covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Pluralsight Inc, and Alteryx Inc.

Coupa Software Inc has an analyst consensus of Moderate Buy, with a price target consensus of $151.08, representing a 1.1% upside. In a report issued on August 28, Wedbush also reiterated a Buy rating on the stock with a $168 price target.

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Based on Coupa Software Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $20.47 million. In comparison, last year the company had a GAAP net loss of $13.85 million.

Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COUP in relation to earlier this year.

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. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications.

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