I was wondering why COUP was going up so much today, currently up $14.5.
Several analyst upgrades:
https://seekingalpha.com/news/3560401-coupa-raised-on-rapidl…
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Here is the contents of that link.
Morgan Stanley upgrades Coupa Software (NASDAQ:COUP) from Equal-Weight to Overweight.
Analyst Stan Zlotsky cites the “rapidly improving profitability,” which makes the firm confident in COUP’s long runway of FCF growth, even with the macro uncertainties.
Zlotsky sees strength in the core spend management business and market expansion opportunity in B2B payments.
Morgan Stanley raises its Coupa target from $130 to the Street-high $182, a 32% upside.
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