HubSpot (HUBS): $715 Price Target For Piper Sandler

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of HubSpot Inc (NYSE: HUBS) have received a $715 price target from Piper Sandler. These are the details.

The shares of HubSpot Inc (NYSE: HUBS) have received a $715 price target from Piper Sandler. And Piper Sandler analyst Brent Bracelin assigned the company an “Overweight” rating while reducing the price target from $830.

Bracelin noted that cloud stocks have plunged by 26% since November 1 on a valuation reset sparked by a rotation, rising interest rates, supply-chain disruptions, and omicron. And Bracelin noted that the cloud correction appears decoupled from demand fundamentals that remain robust.

Plus Bracelin noted that Piper’s CIO Survey showed 86%-88% are planning to invest more in cloud applications and infrastructure in 2022. And Bracelin pointed out that there are few technology sectors that are this large at $290+ billion growing at 35% year-over-year with cloud penetration still low at 15%.

Going forward, Bracelin recommends large-cap investors move up the quality ladder and buy the highest quality growth stocks best poised to sustain high growth.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.