Analysts Are Bullish on These Technology Stocks: HubSpot (HUBS), Alarmcom (ALRM)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on HubSpot (HUBSResearch Report), Alarmcom (ALRMResearch Report) and Zayo Group Holdings (ZAYOResearch Report) with bullish sentiments.

HubSpot (HUBS)

Raymond James analyst Brian Peterson maintained a Buy rating on HubSpot today and set a price target of $155. The company’s shares opened today at $146.78.

According to TipRanks.com, Peterson is a top 100 analyst with an average return of 28.0% and a 74.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Instructure Inc, and Upland Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HubSpot with a $155.80 average price target, implying a 6.1% upside from current levels. In a report issued on November 1, Oppenheimer also assigned a Buy rating to the stock with a $150 price target.

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Alarmcom (ALRM)

Raymond James analyst Adam Tindle maintained a Buy rating on Alarmcom today and set a price target of $58. The company’s shares opened today at $56.06, close to its 52-week high of $60.20.

According to TipRanks.com, Tindle is a 1-star analyst with an average return of -4.8% and a 43.3% success rate. Tindle covers the Technology sector, focusing on stocks such as ConvergeOne Holdings Inc, Arlo Technologies Inc, and Insight Enterprises.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alarmcom with a $61 average price target, implying an 8.8% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $60 price target.

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Zayo Group Holdings (ZAYO)

Raymond James analyst Frank Louthan maintained a Buy rating on Zayo Group Holdings today and set a price target of $32. The company’s shares opened today at $24.62, close to its 52-week low of $22.

According to TipRanks.com, Louthan is a 4-star analyst with an average return of 4.2% and a 57.1% success rate. Louthan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Consolidated Comms, and GTT Communications.

Zayo Group Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $40, which is a 62.5% upside from current levels. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $38 price target.

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