Analysts Offer Insights on Technology Companies: HubSpot (NYSE: HUBS) and ChannelAdvisor (NYSE: ECOM)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on HubSpot (NYSE: HUBS) and ChannelAdvisor (NYSE: ECOM) with bullish sentiments.

HubSpot (NYSE: HUBS)

Stifel Nicolaus analyst Tom Roderick reiterated a Buy rating on HubSpot (NYSE: HUBS) today and set a price target of $110. The company’s shares closed yesterday at $97, close to its 52-week high of $102.30.

According to TipRanks.com, Roderick is a 5-star analyst with an average return of 13.9% and a 66.4% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Nuance Communications.

Currently, the analyst consensus on HubSpot is Strong Buy and the average price target is $106.13, representing a 9.4% upside.

In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $105 price target.
ChannelAdvisor (NYSE: ECOM)

Stifel Nicolaus analyst Brad Reback reiterated a Buy rating on ChannelAdvisor (NYSE: ECOM) today and set a price target of $12. The company’s shares closed yesterday at $9.35.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 15.6% and a 66.7% success rate. Reback covers the Technology sector, focusing on stocks such as CSG Systems International, Intralinks Holdings, and Barracuda Networks.

Currently, the analyst consensus on ChannelAdvisor is Moderate Buy and the average price target is $11.75, representing a 25.7% upside.

In a report issued on February 6, D.A. Davidson also upgraded the stock to Buy with a $11.50 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.