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Analysts Have Conflicting Sentiments on These Technology Companies: HubSpot (HUBS), Yelp (YELP) and Avalara (AVLR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on HubSpot (HUBSResearch Report), Yelp (YELPResearch Report) and Avalara (AVLRResearch Report).

HubSpot (HUBS)

In a report released yesterday, Kirk Materne from Evercore ISI maintained a Hold rating on HubSpot, with a price target of $450.00. The company’s shares closed last Friday at $356.38, close to its 52-week low of $333.71.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 9.0% and a 57.2% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Qualtrics International, and Tyler Technologies.

HubSpot has an analyst consensus of Strong Buy, with a price target consensus of $570.24, implying a 67.2% upside from current levels. In a report issued on April 26, UBS also initiated coverage with a Hold rating on the stock with a $410.00 price target.

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Yelp (YELP)

Evercore ISI analyst Shweta Khajuria maintained a Hold rating on Yelp yesterday and set a price target of $39.00. The company’s shares closed last Friday at $30.84, close to its 52-week low of $30.19.

According to TipRanks.com, Khajuria is a 5-star analyst with an average return of 51.7% and a 52.9% success rate. Khajuria covers the Technology sector, focusing on stocks such as Match Group, PubMatic, and Outbrain.

Currently, the analyst consensus on Yelp is a Hold with an average price target of $42.17, which is a 32.6% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $35.00 price target.

Avalara (AVLR)

Evercore ISI analyst Peter Levine maintained a Buy rating on Avalara yesterday and set a price target of $130.00. The company’s shares closed last Friday at $78.42, close to its 52-week low of $69.14.

According to TipRanks.com, Levine is a 2-star analyst with an average return of 0.0% and a 44.1% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bill.com Holdings, and Verint Systems.

Avalara has an analyst consensus of Strong Buy, with a price target consensus of $118.09, which is a 70.9% upside from current levels. In a report released yesterday, JMP Securities also maintained a Buy rating on the stock with a $130.00 price target.

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