Piper Jaffray Analyst Sees Strong Buy Opportunity in HubSpot Inc (HUBS) Weakness


Piper Jaffray analyst Alex Zukin sees a “strong” buying opportunity in HubSpot Inc (NYSE:HUBS) after shares in the company dropped 5% in the past week.

According to Zukin, HubSpot shares display the “largest delta between fundamentals and valuation” in the sector while the company “continues to fire on all cylinders.”

Zukin reiterated his Buy rating on the inbound marketing and sales platform with a price target of $65 which represents a significant 37.13% upside from the current share price of $47.4.

Not surprisingly, the analyst consensus rating on TipRanks for HubSpot is Strong Buy. Not one analyst has given a Sell recommendation for HubSpot in the last three months.

Zukin has a success rate of 34% on TipRanks as 12 out of his 35 ratings have been successful since 2013.