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Why HubSpot Surged 27.7% in August

TheMotleyFool

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Shares of HubSpot (NYSE: HUBS) rose 27.7% during the month of August, according to data from S&P Global Market Intelligence. The sales and marketing software-as-a-service provider delivered solid second quarter earnings in the early part of the month, and analysts hiked their price targets in response.

Technology stocks also surged throughout the month, as HubSpot's cloud-based peers also impressed, leading to even more optimism for this pricey sector.

Image source: Getty Images.

Source Fool.com

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