HubSpot (HUBS) Receives a Buy from Canaccord Genuity
Canaccord Genuity analyst David Hynes maintained a Buy rating on HubSpot (HUBS) yesterday and set a price target of $580.00. The company’s shares closed last Wednesday at $503.01.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 31.0% and a 71.7% success rate. Hynes covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and BigCommerce Holdings.
HubSpot has an analyst consensus of Strong Buy, with a price target consensus of $572.29, implying a 12.7% upside from current levels. 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.