Upland Software (UPLD) Stock: $14 Price Target And Hold Rating

By Amit Chowdhry ● May 23, 2022
  • The shares of Upland Software (NASDAQ: UPLD) have received a $14 price target from Jefferies. These are the details.

The shares of Upland Software (NASDAQ: UPLD) have received a $14 price target from Jefferies. And Jefferies analyst Brent Thill is maintaining a “Hold” rating on the shares.

Thill adjusted the rating while lowering the forecasts across 28 software companies due to stiffening economic headwinds and looming risks of a recession. Plus the multiples embedded in the new price targets are 25% lower.

But Thill warned investors that he believes there could still be a downside to multiples if the fundamentals weaken further.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.