TOSBF - Coupa Software upgraded at Piper ahead of back-office spending surge

April, 20 2021 09:09 AM Toshiba Corp

Ahead of the "largest back-office investment cycle since Y2K," Piper Sandler upgrades Coupa Software (COUP) from Neutral to Overweight and raises the price target from $300 to $315.Analyst Brent Bracelin thinks this quarter could be the trough for Coupa's calculated billings and subscription revenue acceleration could pick back up next quarter.With shares down nearly 30% since a February peak, Bracelin calls this a good entry point for Coupa.Coupa shares are up 1.5% pre-market to $267.51.Earlier this month, BofA named Coupa among its top picks under its new "4M" framework.

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Coupa Software upgraded at Piper ahead of back-office spending surge

Company Name:	Toshiba Corp
Stock Symbol:	TOSBF
Market:	OTC

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