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Fly News Breaks for July 18, 2018
COUP
Jul 18, 2018 | 09:24 EDT
RBC Capital analyst Ross MacMillan raised his price target on Coupa Software to $71 and kept his Outperform rating following meetings with its CFO, saying the company offers a "long-term growth opportunity, unit economics and strength of execution". Among the "vectors of growth", MacMillan points to the international segment given the company's under-representation in APAC and LATAM, the federal government work, and the mid-market, where the the company is trying new initiatives such as website enhancements to improve lead qualification.
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