The twenty-four research firms currently covering the company have given the company an average rating of “Moderate Buy” for the shares of HubSpot, Inc., as reported by Bloomberg Ratings (NYSE: HUBS). There have been three research experts who have suggested that investors keep their shares and there have been eighteen analysts who have suggested that investors buy the stock. In addition, there has been one analyst who has suggested that investors strongly buy the stock. The average one-year price objective that brokerage firms that rated the stock in the previous year have set is $392.82. These brokerage firms believe the stock will reach this price next year.
In recent years, HUBS has been the primary focus of several research studies written up and published. The “overweight” rating that Morgan Stanley had previously assigned to HubSpot shares was downgraded, and the firm’s price objective for the stock was reduced from $405.00 to $378.00. This information was made public on Wednesday, October 19, when a research report containing its findings was published. The report issued on November 2 by Macquarie marked the beginning of the investment firm’s coverage of HubSpot’s shares. The “overweight” rating that Morgan Stanley had previously assigned to HubSpot shares was downgraded, and the firm’s price objective for the stock was reduced from $405.00 to $378.00. This information was made public on Wednesday, October 19, when a research report containing its findings was published. The report issued on November 2 by Macquarie marked the beginning of the investment firm’s coverage of HubSpot’s shares. They provided the business with an “outperform” rating and projected a price of $355.00 for the stock in question. In a research note distributed on Monday, October 24, Jefferies Financial Group lowered their “buy” rating on shares of HubSpot and decreased their price objective on the company’s stock from $450.00 to $400.00. Both of…
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