Guggenheim Issues a Buy Rating on HubSpot (HUBS)

In a report released yesterday, Kenneth Wong from Guggenheim assigned a Buy rating to HubSpot (HUBSResearch Report). The company’s shares closed last Tuesday at $494.85.

According to TipRanks.com, Wong is a 4-star analyst with an average return of 26.7% and a 69.6% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Veeva Systems.

HubSpot has an analyst consensus of Strong Buy, with a price target consensus of $568.88, an 12.0% 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, 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.