Needham analyst Scott Berg has maintained their neutral stance on UPLD stock, giving a Hold rating on August 2.
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Scott Berg has given his Hold rating due to a combination of factors impacting Upland Software’s current financial position and future prospects. While the company has addressed its debt issues, the focus now shifts to achieving growth, which is crucial for improving stock performance. The recent quarterly results were largely in line with expectations, but the slight reduction in FY25 guidance indicates some caution.
Although there are positive signs such as improved retention and upsell metrics, the addition of new customers remains weaker compared to past trends. This could be partly due to the comparison with previously divested non-core assets. The organic revenue growth has seen a decline, and while there is an expectation for a return to growth by the third quarter of 2026, more data is needed to confirm this trend. Overall, the Hold rating reflects a cautious optimism, awaiting clearer signs of growth acceleration.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $2.50 price target.