Goldman Sachs Sees Sharp Upside in HubSpot; Initiates Coverage With ‘Buy’ Rating

Goldman Sachs Sees Sharp Upside in HubSpot; Initiates Coverage With ‘Buy’ Rating
Massachusetts headquarter of U.S. software company HubSpot in Cambridge, Mass., in Nov. 2020. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:

Goldman Sachs analyst Gabriela Borges initiated coverage of HubSpot Inc. with a Buy rating and $953 price target, implying a 32 percent upside.

While HubSpot has outperformed the Nasdaq by 330 percent over the past two years, its strategy and execution will drive further upside to Street estimates over the next five years, Borges tells investors in a research note.