- Needham (Buy) raises its Coupa Software (NASDAQ:COUP) target from $160 to $171 after yesterday's beat-and-raise.
- The firm says that while "investors may begin to question the scale of the beat, it remains clear that the fundamentals of the business remain strong."
- Raymond James (Outperform) lifts the target by $20 to $170, saying "we sense that investors may have expected a bit more upside." The firm praises the billings beat but sees "healthy upside expectations" are baked into the stock.
- COUP shares are down 6.7% to $139.02.
- The company has a Bullish average Sell Side rating.