Analysts Weigh in on Salesforce, Lyft, and HubSpot
Analysts have weighed in on three technology companies - Salesforce (CRM), Lyft (LYFT), and HubSpot (HUBS) - issuing neutral ratings. This means they neither expect the stocks to perform well nor poorly.
Salesforce has a Hold rating from Wells Fargo analyst Michael Turrin, who set a price target of $250. The company's shares closed last Thursday at $242.85. This is in line with another Hold rating and $250 price target from RBC Capital issued on September 9.
The overall consensus on Salesforce is Moderate Buy, with an average price target of $273.11, representing a potential upside of 11.8%.
Lyft also received a Hold rating from BTIG analyst Jake Fuller, who maintains his stance despite the company's shares closing last Thursday at $15.50. Scotiabank initiated coverage with a Hold rating and $17 price target on September 9. The overall consensus is Hold, with an average price target of $19.40, implying a 25.7% upside from current levels.
HubSpot's shares closed last Thursday at $229.58, according to Citi analyst Tyler Radke, who maintained a Hold rating on the stock. The company has a Moderate Buy consensus with an average price target of $247.21, which is a 5.4% upside from current levels.