Citigroup Initiates Coverage of HubSpot (HUBS) with Buy Recommendation
Nasdaq Fintel reports that on September 5, 2023, Citigroup initiated coverage of HubSpot (NYSE:HUBS) with a Buy recommendation.
Analyst Price Forecast Suggests 6.49% Upside
As of August 31, 2023, the average one-year price target for HubSpot is 587.41. The forecasts range from a low of 282.80 to a high of $693.00. The average price target represents an increase of 6.49% from its latest reported closing price of 551.61.
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The projected annual revenue for HubSpot is 2,102MM, an increase of 8.11%. The projected annual non-GAAP EPS is 2.89.
What is the Fund Sentiment?
There are 1333 funds or institutions reporting positions in HubSpot. This is an increase of 57 owner(s) or 4.47% in the last quarter. Average portfolio weight of all funds dedicated to HUBS is 0.45%, an increase of 13.19%. Total shares owned by institutions decreased in the last three months by 1.39% to 52,146K shares. The put/call ratio of HUBS is 1.20, indicating a bearish outlook.