Analysts Have Conflicting Sentiments on These Technology Companies: HubSpot (NYSE: HUBS) and Veeva Systems (NYSE: VEEV)

By Jason Carr

Analysts have been eager to weigh in on the Technology sector with new ratings on HubSpot (NYSE: HUBS) and Veeva Systems (NYSE: VEEV).

HubSpot (NYSE: HUBS)

In a report released yesterday, Rob Owens from KeyBanc reiterated a Hold rating on HubSpot (NYSE: HUBS). The company’s shares closed yesterday at $79.95.

According to TipRanks.com, Owens is a 5-star analyst with an average return of 16.8% and a 66.7% success rate. Owens covers the Technology sector, focusing on stocks such as Barracuda Networks, SecureWorks Corp, and Citrix Systems.

Currently, the analyst consensus on HubSpot is Strong Buy and the average price target is $94.20, representing a 17.8% upside.

In a report issued on November 2, Cowen & Co. also reiterated a Hold rating on the stock with a $82 price target.
Veeva Systems (NYSE: VEEV)

In a report issued on November 12, Donald Hooker from KeyBanc reiterated a Buy rating on Veeva Systems (NYSE: VEEV), with a price target of $70. The company’s shares closed yesterday at $61.49.

According to TipRanks.com, Hooker is a 4-star analyst with an average return of 9.4% and a 69.6% success rate. Hooker covers the Services sector, focusing on stocks such as Quintiles Transnational, Quest Diagnostics Inc, and INC Research Holdings.

Veeva Systems has an analyst consensus of Strong Buy, with a price target consensus of $69.40.

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