After Merrill Lynch and Guggenheim gave HubSpot (NYSE: HUBS) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Brian Peterson maintained a Buy rating on HubSpot today and set a price target of $650.00. The company’s shares closed last Wednesday at $503.01.
According to TipRanks.com, Peterson is a top 100 analyst with an average return of 31.7% and a 69.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, Duck Creek Technologies, and ZoomInfo Technologies.
Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $586.56, representing a 15.5% upside. In a report issued on April 22, Wolfe Research also initiated coverage with a Buy rating on the stock with a $650.00 price target.
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HubSpot’s market cap is currently $23.69B and has a P/E ratio of -270.80. The company has a Price to Book ratio of 34.81.
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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.
