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Fly News Breaks for March 13, 2018
COUP
Mar 13, 2018 | 07:32 EDT
RBC Capital analyst Ross MacMillan raised his price target on Coupa Software to $53 after the company's Q4 earnings showed a 51% increase in billings growth along with operating leverage. The analyst keeps his Outperform rating, saying the company has "multiple drivers for growth, including international, mid-market, product cross-sell and community insights" while its "strong fundamentals" justify the premium valuation.
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