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Citigroup downgraded its rating of Coupa Software (NASDAQ:COUP) to Neutral with a price target of $81.00, changing its price target from $66.00 to $81.00.
Shares of Coupa Software are trading up 0.09% over the last 24 hours, at $78.67 per share.
A move to $81.00 would account for a 2.96% increase from the current share price.
Coupa Software is a cloud-based provider of business spending management, or BSM, solutions. Coupa's BSM platform provides visibility into all spend, allowing companies to gain control over their spending, optimize their supplier network and supply chains, and manage liquidity. The platform's transactional core consists of procurement, invoicing, expense management, and payment solutions, while supporting modules ranging from strategic sourcing solutions to supply chain design and planning solutions round out the comprehensive spending management ecosystem.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Posted In: COUP
