- Upland Software ( NASDAQ: UPLD ) is trading around -9% down on Tuesday after Raymond James downgraded the stock to Market Perform from Outperform.
- Raymond James analyst Alexander Sklar said growth for the cloud-based enterprise work management software provider is likely to remain challenged amid current macroeconomic conditions.
- Revenue stability remains the biggest factor in the short-term with “slightly negative” but improving organic growth exiting Q3.
- The current SA Quant Rating for Upland is a Hold.
For further details see:
Upland in red after downgrade by Raymond James