Needham Reiterates Buy Rating on Upland Software (UPLD)

Needham analyst Scott Berg reiterated a Buy rating and $4.50 price target on Upland Software (NASDAQ: UPLD).

The analyst commented: "Upland inadvertently reported preliminary 1Q26 results that were broadly in-line with our expectations including a modest (+0.4%) revenue beat and in-line adjusted EBITDA. However, FCF was very healthy in the quarter at $5.5 million. The 1Q prelim results were part of the company's ARS filed Tuesday. We view results as modestly positive given Upland's history of roughly in-line results with signs that organic revenue growth continues to trend in the right direction."

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 $0.59 yesterday.

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