Analysts Offer Insights on Technology Companies: HubSpot (HUBS) and Veeco (VECO) | Markets Insider
Analysts have been eager to weigh in on the Technology sector with new ratings on HubSpot (HUBS – Research Report) and Veeco (VECO – Research Report).
HubSpot (HUBS)
In a report released today, Derrick Wood from TD Cowen maintained a Hold rating on HubSpot, with a price target of $800.00. The company’s shares closed last Wednesday at $785.50, close to its 52-week high of $811.79.
According to TipRanks.com, Wood is a top 100 analyst with an average return of 17.6% and a 64.4% success rate. Wood covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, Rimini Street, and Salesforce.
HubSpot has an analyst consensus of Strong Buy, with a price target consensus of $862.81, representing an 11.2% upside. In a report released today, Barclays also maintained a Hold rating on the stock with a $815.00 price target.
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Veeco (VECO)
In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Veeco, with a price target of $31.00. The company’s shares closed last Wednesday at $23.65, close to its 52-week low of $23.00.
According to TipRanks.com, Miller is a 5-star analyst with an average return of 15.3% and a 51.5% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Western Digital.
Veeco has an analyst consensus of Strong Buy, with a price target consensus of $31.50, representing a 36.0% upside. In a report issued on February 7, Oppenheimer also maintained a Buy rating on the stock with a $35.00 price target.
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