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Fly News Breaks for January 24, 2019
COUP
Jan 24, 2019 | 06:34 EDT
Loop Capital analyst Joseph Vafi raised his price target on Coupa Software to $85 and kept his Buy rating, citing his greater confidence in the company's "competitive position in an attractive, growing market". The analyst points to a follow-up of his channel checks that involved a discussion with an industry consultant who confirmed that Coupa's products are getting "very high marks for functionality and ease of use" as enterprises "continue to adopt more sophisticated procurement strategies".
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