Needham & Company Assumes Upland Software (UPLD) at Buy

Needham & Company assumes coverage on Upland Software (NASDAQ: UPLD) with a Buy rating and a price target of $18.00.

Analyst Scott Berg says UPLD as highly differentiated from most SaaS companies today: profitability driven by a highly efficient acquisition strategy to unlock hidden valuation.

Berg views the company's acquisition strategy as much more strategic versus “roll-up" driven by three distinct product pillars: 1) workforce management systems, 2) project management and 3) digital engagement.

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 $15.89 yesterday.

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