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Fly News Breaks for January 11, 2018
COUP
Jan 11, 2018 | 08:30 EDT
As reported earlier, Needham analyst Peter Levine initiated Coupa Software with a Buy rating and a price target of $39. Levine says Coupa is "one of the more innovative vendors in the spend management software market", which has become a strategic business initiative for organizations seeking to better incentivize employees with commerce applications. The analyst says the market penetration rate is in the low single-digit range, supporting the company's high-20% annualized organic revenue growth for several years.
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