TECH - What's Going On With HubSpot Stock Friday? | Benzinga
HubSpot Inc (NYSE:HUBS) shares are trading higher on continued upward momentum following a report suggesting Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is in talks with advisors about a potential offer for the company.
Piper Sandler analyst Brent Bracelin maintained HubSpot shares as Overweight with a $675 price target.
Bracelin has long noted that IaaS could be natural consolidators of a highly fragmented SaaS landscape.
The transition from traditional client-server applications to cloud computing models over the past 20+ years has created a proliferation of SaaS applications that today include 100+ publics and 1,000+ privates, Bracelin said. Private equity firms such as Thoma Bravo and Vista Equity Partners have been the most prolific consolidators of the SaaS ecosystem over the past three to five years.
The analyst flagged Microsoft Corp (NASDAQ:MSFT) ...