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Coupa Software (COUP) 'Disproportionately Recession-Prone' - RBC

August 22, 2022 12:56 PM EDT

Coupa Software (NASDAQ: COUP) shares were downgraded to Underperform from Sector Perform with the price target cut to $55 from $65 by RBC Capital Markets analyst Rishi Jaluria on Monday.

Jaluria said the firm is downgrading the stock due to four main reasons, including their view that Coupa is "disproportionately recession-prone," concerns on the roll-up nature, the... More