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Why Coupa Software Stock Crumbled Again Today

TheMotleyFool

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Why Coupa Software Stock Crumbled Again TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

For the second day in a row, Coupa Software's (NASDAQ: COUP) share price dived significantly on Tuesday. The company's stock fell a queasy 19%, "thanks" to a raft of downward adjustments by analysts in the wake of the latest quarterly earnings report.

A platoon of analysts, it seems, weighed in negatively on Coupa's latest performance, with many cutting their price target on the shares. Two analysts went so far as to downgrade their recommendations.

Image source: Getty Images.

Source Fool.com

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