SunTrust analyst Terry Tillman raised his price target on Coupa Software to $110 and kept his Buy rating after its Q4 earnings beat, saying the quarter reflected the company's "significant momentum" with "all time high new customer and renewing customer sales activity". The analyst also cites Coupa Software's billings growth of over 50% in spite of the tough comps growth in FY19. Tillman notes that while the company's Hiperos deal added to the billings growth, he expects Coupa Software to continue growing over 30% organically with upside to the management's "very conservative" billings assumptions.