Why HubSpot Skyrocketed 14.2% In January
HubSpot (NYSE: HUBS) shares rallied 14.2% in January, according to S&P Global Market Intelligence. Shares significantly outperformed the SPDR S&P 500 Trust ETF, which fell slightly, and Technology Select Sector SPDR ETF, which was up 4% in January. The company didn't report any significant news in January, but Wall Street analysts did boost their price targets last month following better-than-expected Q3 2019 results in early November.
A software-as-a-service technology company, HubSpot markets a platform of tools that help small and midsize businesses improve their marketing, sales, and customer service.
Image source: Getty Images.
Source Fool.com