RBC Capital analyst Alex Zukin kept his Outperform rating and $165 price target on Coupa Software after hosting investor meetings with its CFO Todd Ford, saying the tone of the discussion was positive and reflected investor focus on the company's "growth vectors, competition, market size" and the potential of Coupa Pay. The analyst notes that the meeting added to his confidence that Coupa Software is positioned for a "durable" 30% revenue growth, with added opportunity in large payments. Zukin further points to increased mid-market activity as one of the core elements in driving the recent acceleration of the company's organic growth.