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Fly News Breaks for September 4, 2019
COUP
Sep 4, 2019 | 08:14 EDT
SunTrust analyst Terry Tillman raised his price target on Coupa Software to $170 and kept his Buy rating after its Q2 earnings beat, saying the quarter also represented the strongest period to date for billings. The analyst notes that even when adjusted for tuck-in acquisitions, subscription revenues accelerated. Tillman adds that he expects that trend to continue into the second half of the year thanks to the company's "robust platform story", balanced strength across its geographies, as well as the upside drivers of its new product.
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