Coupa (COUP) – Business Spend Optimization – December 1st, 2020

The bullish DailyPlay for Tuesday, December 1st is Coupa Software Inc (COUP). COUP has experienced a 14.7% gain over the past month as technology stocks regain momentum. 

Fundamental View

  • Revenues expected to grow at +35% for 2021 and 2022. 
  • Well diversified offerings allow for defensible competitive advantages among the largest 1000 corporations for Business Spend Management. 
  • Earnings: Dec 7 (6 Days)

Technical View

  • Broke above $320 resistance providing a good entry for a long exposure
  • Both 1M and 6M trends are bullish
  • Strong relative strength, technical score (8 out of 10)