Why Did Hubspot Stock Jump 20% in October?

Shares of Hubspot (NYSE: HUBS) rose 19.8% according to data provided by S&P Global Market Intelligence after the company announced a new payment solution at its annual investor conference. The company also an updated CRM platform that was well received. Following the conference, multiple research analysts set price targets well above Hubspot's price. That created even more momentum for the stock, providing professional validation to build on the gains from optimism about Hubspot's new financial products.

HUBS Total Return Level data by YCharts

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Source Fool.com