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Fly News Breaks for September 5, 2018
COUP
Sep 5, 2018 | 06:17 EDT
Loop Capital analyst Joseph Vafi raised his price target on Coupa Software to $72 after its "solid" Q2 results and achieving "product extension" through the acquisition of DCR Workforce. The analyst also cites the company's 39% increase in subscription revenue as a "steady" sequential growth and a 2% billings growth acceleration to 38%. Vafi keeps his Hold rating on Coupa Software, even though his key concern with the company around the lack of its operating leverage is "less front and center".
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