Raymond James analyst Brian Peterson raised his price target for Coupa Software to $170 from $150 and reiterated an Outperform following a broad-based beat and raise for the third quarter, saying that while shares appeared down modestly after hours, he would use any weakness as a buying opportunity, as he would be hard pressed to find companies growing revenue and billings 40%+ organically. Peterson tells investors in a research note that while he is cognizant that shares trade at ~20x sales, fundamental growth drivers are in full gear, with multiple product opportunities suggesting that recent growth will be a sustainable dynamic.