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”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- M&A News: HubSpot (NYSE:HUBS) Plummets as Google Scraps Acquisition Plans
- TRMB, CYBR, HUBS: Which “Strong Buy” Tech Stock Is Best?
- HubSpot confirms limited number of customers hacked to TechCrunch
- Citi sees software as well positioned, is a buyer on the pullback
- M&A News: Another Possible Bidder Gives Hubspot (NYSE:HUBS) Shares a Boost