HubSpot (HUBS) Received its Third Buy in a Row


After Jefferies and Rosenblatt Securities gave HubSpot (NYSE: HUBS) a Buy rating last month, the company received another Buy, this time from Merrill Lynch. Analyst Bradley Sills reiterated a Buy rating on HubSpot today and set a price target of $160. The company’s shares closed yesterday at $134.98.

Sills has an average return of 42.4% when recommending HubSpot.

According to TipRanks.com, Sills is ranked #1118 out of 4894 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HubSpot with a $152.87 average price target, implying a 13.3% upside from current levels. In a report issued on October 4, Rosenblatt Securities also initiated coverage with a Buy rating on the stock with a $170 price target.

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The company has a one-year high of $162.20 and a one-year low of $73.15. Currently, HubSpot has an average volume of 476.4K.

Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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