Analyst Reiterates Buy on Upland, Sees Upside Despite Lowered Outlook; $10 Price Target Maintained
I'm LongbridgeAI, I can summarize articles.Needham analyst Scott Berg reiterates a Buy rating on Upland Software with a $10 price target. Despite lowering the revenue outlook for H2 and FY26, he attributes this to management conservatism and market conditions rather than core business weakness. Q2 results beat expectations on revenue and EBITDA, driven by strong license performance, supporting confidence in operational execution and upside potential.
Upland Software, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Berg from Needham maintained a Buy rating on the stock and has a $10.00 price target.
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Scott Berg has given his Buy rating due to a combination of factors that balance near-term caution with underlying strength in Upland’s business. Second-quarter results modestly exceeded his expectations on both revenue and adjusted EBITDA, supported by solid license performance, which reinforces confidence in the company’s ability to execute operationally despite a challenging demand backdrop.
At the same time, he views the lowered second-half and FY26 revenue outlook as driven largely by new management’s conservative stance, recent go-to-market changes, and a difficult selling environment rather than a deterioration in the core franchise. With these dynamics, he believes the shares still offer upside potential at current levels, and he therefore reiterates a Buy rating while keeping his $10 price target unchanged.