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Fly News Breaks for July 17, 2019
COUP
Jul 17, 2019 | 07:30 EDT
KeyBanc analyst Koji Ikeda raised his price for Coupa Software to $160 from $130 as he believes the "strong momentum" the business is experiencing will likely continue in the future unabated. Moreover, the analyst sees the payments opportunity, while still early, as promising and has the potential to generate upside to estimates and drive an acceleration to growth. The odds are high that the business continues to display good results and improving business fundamentals in upcoming quarterly reported results., he adds. Ikeda reiterates an Overweight rating on the shares.
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