Wolfe Research analyst Alex Zukin downgraded Coupa Software to Peer Perform from Outperform without a price target after the company agreed to buyout terms with Thoma Bravo in a deal valuing the company at $81 per share. The analyst sees this as a "great deal" for Coupa.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on COUP:
- Coupa Software upgraded to Sector Perform from Underperform at RBC Capital
- Coupa Software downgraded to Market Perform from Outperform at William Blair
- Thoma Bravo Scoops Up Coupa (NASDAQ:COUP) For $8 Billion
- Coupa Software reports Q3 non-GAAP EPS 15c, consensus 10c
- Coupa Software Enters into Definitive Agreement to Be Acquired by Thoma Bravo for $8 Billion