J.P. Morgan Sticks to Its Hold Rating for Coupa Software (COUP)

In a report released today, Mark Murphy from J.P. Morgan reiterated a Hold rating on Coupa Software (COUPResearch Report), with a price target of $100.00. The company’s shares closed last Monday at $148.94, close to its 52-week high of $159.97.

According to TipRanks.com, Murphy is a 5-star analyst with an average return of 17.7% and a 68.8% success rate. Murphy covers the Technology sector, focusing on stocks such as Smartsheet, Cloudera, and Nutanix.

Coupa Software has an analyst consensus of Moderate Buy, with a price target consensus of $160.79, representing a 4.5% upside. In a report released today, Northland Securities also assigned a Hold rating to the stock with a $165.00 price target.

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The company has a one-year high of $159.97 and a one-year low of $52.02. Currently, Coupa Software has an average volume of 2.14M.

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Coupa Software, Inc. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications.