Roth Capital Starts Upland Software (UPLD) at Buy

Roth Capital initiates coverage on Upland Software (NASDAQ: UPLD) with a Buy rating and a price target of $11.50.

Analyst Richard Baldry commented, "We are initiating coverage of Upland Software with a Buy rating and $11.50 target price. We believe UPLD’s strategy to acquire a series of niche software players to create a well-scaled, profitable and growing Enterprise Work Management company has merit. Upland's tools focus on project management and workflow automation, to improve coordination and efficiency of customers' work. With breakeven pro forma EPS achieved in 3Q15, we believe further synergies and acquisitions will enhance profitability and view its risk/reward as attractive."

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 $6.95 yesterday.

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