UPDATE: JPMorgan Downgrades Coupa Software (COUP) to Underweight

April 23, 2020 4:37 AM EDT
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Price: $243.62 -0%

Rating Summary:
    18 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 13 | New: 22
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(Updated - April 23, 2020 4:41 AM EDT)

(updating comment)

JPMorgan analyst Mark Murphy downgraded Coupa Software (NASDAQ: COUP) from Neutral to Underweight with a price target of $100.00.

The analyst comments "We are downgrading COUP to Underweight from Neutral, although we are maintaining our Dec 2020 price target of $100, which is based on ~14.5x EV/CY20E revenue. Our multiple considers Coupa’s position as a leader in a competitive field and high dollar retention rates, counterbalanced by its lower growth and margin profile and potential risks for a slowdown in the business momentum in a less robust economic environment."

For an analyst ratings summary and ratings history on Coupa Software click here. For more ratings news on Coupa Software click here.

Shares of Coupa Software closed at $161.94 yesterday.

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