RBC Capital Sticks to Their Buy Rating for Coupa Software Inc

By Carrie Williams

RBC Capital analyst Ross MacMillan reiterated a Buy rating on Coupa Software Inc (NASDAQ: COUP) on November 12 and set a price target of $41. The company’s shares closed yesterday at $33.26.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 21.9% and a 79.7% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Coupa Software Inc has an analyst consensus of Moderate Buy, with a price target consensus of $38.20.

The company has a one-year high of $37.73 and a one-year low of $22.50. Currently, Coupa Software Inc has an average volume of 432.8K.

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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.