Analysts have been eager to weigh in on the Technology sector with new ratings on RingCentral (RNG) and HubSpot (HUBS).
RingCentral (RNG)
Oppenheimer analyst Brian Schwartz maintained a Buy rating on RingCentral today and set a price target of $270.00. The company’s shares closed last Wednesday at $245.04, close to its 52-week high of $256.61.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 28.7% and a 75.7% success rate. Schwartz covers the Technology sector, focusing on stocks such as Salesforce, ServiceNow, and Paylocity.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for RingCentral with a $250.63 average price target, representing a 4.4% upside. In a report issued on May 4, Merrill Lynch also reiterated a Buy rating on the stock with a $258.00 price target.
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HubSpot (HUBS)
In a report released today, Koji Ikeda from Oppenheimer maintained a Hold rating on HubSpot. The company’s shares closed last Wednesday at $175.21.
According to TipRanks.com, Ikeda is a top 100 analyst with an average return of 32.1% and a 79.1% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software, SPS Commerce, and Liveperson.
Currently, the analyst consensus on HubSpot is a Moderate Buy with an average price target of $172.21.
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