Needham & Company Starts Upland Software (UPLD) at Buy

Needham & Company initiates coverage on Upland Software (NASDAQ: UPLD) with a Buy rating and a price target of $16.00.

Analyst Michael Huang comments, "We initiate coverage on Upland Software with a Buy rating and $16 price target. Upland Software is a horizontal SaaS roll-up story enabled by a seasoned and disciplined management team that has “done this before.” We see the company benefitting from a fragmented market landscape (100’s of subscale SaaS vendors unlikely to hit escape velocity) and an increasingly comprehensive SaaS value proposition that is primarily focused on mitigating the rising complexity of managing and optimizing a global workforce distributed across offices and regions."

For an analyst ratings summary and ratings history on Upland Software click here. For more ratings news on Upland Software click here.

Shares of Upland Software closed at $12.10 yesterday.

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