Citing the potential pandemic tailwind for front-office software, Citi starts HubSpot (NYSE:HUBS) with a Buy rating and $286 price target, a 32% upside to the last close.
Analyst Walter Pritchard says spending on this software is a "high priority" for companies, a trend that was accelerated by the pandemic.
Pritchard sees upside in HUB's focus on small and mid-sized businesses, "a less penetrated market."
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