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Is It Too Late to Buy Coupa Software Stock?

TheMotleyFool

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Is It Too Late to Buy Coupa Software Stock?: https://g.foolcdn.com/editorial/images/710768/it-security-worker.jpg

Coupa Software's (NASDAQ: COUP) stock price surged 29% on Nov. 23 amid rumors of a potential sale to the private equity firm Vista Equity Partners. Vista already acquired the tax software provider Avalara for $8.2 billion in August, as well as the cybersecurity firm KnowBe for $4.6 billion in October.

There weren't any other financial details regarding the rumored deal, but Raymond James analyst Brian Peterson speculated that $68-$80 per share would be a "reasonable" price tag based on Vista's prior software deals. But is it too late to buy Coupa's stock, which has already jumped from the mid $40s to the low $60s in response to all that takeover buzz?

Image source: Getty Images.

Source Fool.com

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