In a report released on April 26, Michael Turrin from Wells Fargo maintained a Buy rating on HubSpot (HUBS – Research Report), with a price target of $725.00. The company’s shares closed last Friday at $631.13.
Turrin covers the Technology sector, focusing on stocks such as HubSpot, Microsoft, and Adobe. According to TipRanks, Turrin has an average return of -3.9% and a 46.94% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for HubSpot with a $705.95 average price target, which is an 11.85% upside from current levels. In a report released on April 24, Bank of America Securities also assigned a Buy rating to the stock with a $770.00 price target.
HUBS market cap is currently $31.98B and has a P/E ratio of -177.90.
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:
- 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
