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Fly News Breaks for June 26, 2019
COUP
Jun 26, 2019 | 09:39 EDT
BofA/Merrill analyst Brad Sills raised his price target for Coupa Software to $140 from $125 and reiterated a Buy rating after attending the Coupa Inspire conference in Las Vegas. In a research note to investors, Sills says that while there were no significant new announcements made, he is encouraged by enhancements made to a number of offerings, including contingent workflow, analytics and Coupa Advantage. The analyst thinks upside potential from large enterprise momentum and early traction from Coupa Pay could drive accelerated bookings growth during the rest of the year, from 44% in Q1.
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