Analysts Offer Insights on Technology Companies: HubSpot (HUBS), PaySign (PAYS) and Shopify (SHOP)

Analysts have been eager to weigh in on the Technology sector with new ratings on HubSpot (HUBS – Research Report), PaySign (PAYS – Research Report) and Shopify (SHOP – Research Report).

HubSpot (HUBS)

In a report released today, Nick Altmann from Scotiabank maintained a Buy rating on HubSpot, with a price target of $700.00. The company’s shares closed last Wednesday at $590.05.

According to TipRanks.com, Altmann is a 3-star analyst with an average return of 3.1% and a 46.2% success rate. Altmann covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Procore Technologies, and Freshworks.

Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $700.50, which is a 15.2% upside from current levels. In a report issued on April 24, RBC Capital also maintained a Buy rating on the stock with a $700.00 price target.

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PaySign (PAYS)

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on PaySign. The company’s shares closed last Wednesday at $4.57, close to its 52-week high of $4.80.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 14.4% and a 56.4% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and SLR Investment Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PaySign with a $5.75 average price target, which is a 26.4% upside from current levels. In a report issued on April 30, D.A. Davidson also maintained a Buy rating on the stock.

Shopify (SHOP)

In a report released today, Kevin Krishnaratne from Scotiabank maintained a Hold rating on Shopify, with a price target of $75.00. The company’s shares closed last Wednesday at $62.73.

According to TipRanks.com, Krishnaratne is a 3-star analyst with an average return of 5.9% and a 48.7% success rate. Krishnaratne covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Nuvei Corp, and Open Text.

Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $79.56, implying a 25.0% upside from current levels. In a report released today, Piper Sandler also upgraded the stock to Hold with a $63.00 price target.

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Read More on HUBS:

• HubSpot announces departure of Chief Customer Officer Rob Giglio
• M&A News: GOOGL’s HUBS Acquisition May Spark Antitrust Confrontation
• BofA says Google Cloud Next can boost AI sentiment for Alphabet
• HubSpot price target raised to $750 from $700 at Stifel
• Piper sees strategic sense in Alphabet acquiring HubSpot