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Fly News Breaks for December 4, 2018
COUP
Dec 4, 2018 | 08:23 EDT
Oppenheimer analyst Koji Ikeda lowered his price target for Coupa Software to $80 from $90 on group multiples contraction. Nonetheless, the analyst believes Q3 results lend support to his thesis that the business is positioned to disrupt a large spend management TAM while delivering sustainable 30% subscriptions revenue growth and operating leverage, with potential catalysts ahead. He reiterates an Outperform rating on the shares.
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