Merrill Lynch Keeps a Buy Rating on HubSpot (HUBS)


In a report released yesterday, Bradley Sills from Merrill Lynch reiterated a Buy rating on HubSpot (HUBS), with a price target of $215. The company’s shares closed last Monday at $198.83, close to its 52-week high of $207.98.

According to TipRanks.com, Sills is a 5-star analyst with an average return of 18.5% and a 69.8% success rate. Sills covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Coupa Software Inc, and Pluralsight Inc.

Currently, the analyst consensus on HubSpot is a Moderate Buy with an average price target of $208.36, representing a 4.8% upside. In a report released today, Jefferies also maintained a Buy rating on the stock with a $230 price target.

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The company has a one-year high of $207.98 and a one-year low of $108.39. Currently, HubSpot has an average volume of 579.8K.

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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.

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