Jefferies keeps a Buy rating and $725 price target on HubSpot (HUBS) while noting that the 12% decline in the stock price after a Bloomberg report that Google (GOOGL) has shelved its bid for the company is “overdone”. Considering HubSpot’s fundamentals and Software M&A multiple, the firm sees $475 per share as the floor for the stock and recommends that investors “buy the weakness”.
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Read More on HUBS:
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