Why HubSpot Stock Is Rising Today

Chris Neiger, The Motley Fool
·2-min read
Why HubSpot Stock Is Rising Today

Shares of HubSpot (NYSE: HUBS) rose this morning after an analyst reinstated coverage of the company with a buy rating. The news pushed HubSpot's share price up today, and the tech stock had gained 5.1% as of 11:33 a.m. EDT. Bank of America analyst Brad Sills put a $600 price target on HubSpot's stock and mentioned several reasons for his reinitiated coverage and his buy rating, including HubSpot's "formidable" competitive moat.