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Fly News Breaks for December 3, 2019
COUP
Dec 3, 2019 | 07:01 EDT
Cantor Fitzgerald analyst Joseph Foresi maintains an Overweight rating on Coupa Software with a $166 price target after the company topped expectations in fiscal Q3 and raised its fiscal 2020 guidance. Cumulative spend under management has risen to $1.5 trillion and Coupa is growing revenues at a "rapid pace" with visibility to profitability over the medium term, Foresi tells investors in a research note. He believes "plenty of opportunities" remain for the company.
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