Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on HubSpot (HUBS – Research Report) on May 10 and set a price target of $700.00. The company’s shares closed last Friday at $597.95.
Parker Lane covers the Technology sector, focusing on stocks such as Salesforce, Unity Software, and Adobe. According to TipRanks, Parker Lane has an average return of -4.0% and a 40.28% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for HubSpot with a $682.22 average price target, implying a 14.09% upside from current levels. In a report released on May 10, Citi also maintained a Buy rating on the stock with a $767.00 price target.
HUBS market cap is currently $30.44B and has a P/E ratio of -225.02.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HUBS in relation to earlier this year.
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HubSpot (HUBS) Company Description:
HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Brian Halligan and Dharmesh Shah on April 4, 2005 and is headquartered in Cambridge, MA.
Read More on HUBS:
- M&A News: GOOGL Could Be in Advanced Talks With HubSpot
- HubSpot price target lowered to $635 from $710 at BMO Capital
- Alphabet talks for HubSpot ‘progressing,’ Bloomberg reports
- HubSpot price target lowered to $680 from $700 at TD Cowen
- HubSpot price target lowered to $655 from $675 at Piper Sandler
