Guggenheim Believes HubSpot (NYSE: HUBS) Still Has Room to Grow

By Ryan Adsit

Guggenheim analyst Nate Cunningham reiterated a Buy rating on HubSpot (NYSE: HUBS) today and set a price target of $110. The company’s shares opened today at $98, close to its 52-week high of $103.95.

According to TipRanks.com, Cunningham is a 5-star analyst with an average return of 23.5% and a 84.8% success rate. Cunningham covers the Technology sector, focusing on stocks such as Ultimate Software, Salesforce.com, and New Relic Inc.

Currently, the analyst consensus on HubSpot is Strong Buy and the average price target is $106.55, representing an 8.7% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a $115 price target.

The company has a one-year high of $103.95 and a one-year low of $55.80. Currently, HubSpot has an average volume of 490.2K.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HUBS in relation to earlier this year. Most recently, in December 2017, Donald Sherman, the President & COO of HUBS bought 9,809 shares for a total of $136,067.

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.

HubSpot, Inc. provides cloud-based marketing and sales software platform that enables businesses to deliver an inbound experience. Its software platform features integrated applications to help businesses to convert visitors into leads, close leads into customers and customers to become promoters of those businesses.