DOCU - Dropbox New Relic Coupa Software seen as potential takeover candidates - analyst

Dropbox (NASDAQ:DBX), New Relic (NYSE:NEWR), Coupa Software (NASDAQ:COUP) are potential acquisition candidates for strategic and private equity firms, according to a RBC analyst. Dropbox (DBX) could be a target for a Adobe (ADBE) or Salesforce (CRM), while New Relic and Coupa Software may see private equity interest, RBC analyst Rishi Jaluria said in an interview on Thursday on CNBC. Tech giants like Microsoft (MSFT), SAP (SAP) and Oracle (ORCL) “are looking at some of these multiples coming down so much and saying, hey this is a great time to consolidate some IT spend and really take advantage of the major pullback we’re seeing here,” Jaluria said. Zoom Video (NASDAQ:ZM) and Docusign (DOCU) "are big beneficiaries of the pandemic and remote work, but they've pulled back to such low levels and trade at such cheap multiples on profitability that we think they are attractive to some big acquirers, namely Salesforce," Jaluria

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Dropbox, New Relic, Coupa Software seen as potential takeover candidates - analyst