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Analysts Offer Insights on Technology Companies: ServiceNow (NOW), HubSpot (HUBS) and Cloudflare (NET)

Tipranks - Fri Apr 3, 6:26AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ServiceNow (NOW), HubSpot (HUBS) and Cloudflare (NET) with bullish sentiments.

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ServiceNow (NOW)

Stifel Nicolaus analyst Brad Reback maintained a Buy rating on ServiceNow today and set a price target of $135.00. The company’s shares closed last Wednesday at $104.04.

According to TipRanks.com, Reback is a 4-star analyst with an average return of 5.8% and a 47.1% success rate. Reback covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Roper Technologies, and Microsoft. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $184.10 average price target, implying a 75.0% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $210.00 price target.

See the top stocks recommended by analysts >>

HubSpot (HUBS)

Wells Fargo analyst Ryan MacWilliams maintained a Buy rating on HubSpot today and set a price target of $350.00. The company’s shares closed last Wednesday at $242.79.

According to TipRanks.com, MacWilliams is a 4-star analyst with an average return of 8.9% and a 52.2% success rate. MacWilliams covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Klaviyo, Inc. Class A, and RingCentral. ;'>

Currently, the analyst consensus on HubSpot is a Strong Buy with an average price target of $362.92, representing a 48.3% upside. In a report issued on March 31, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $300.00 price target.

Cloudflare (NET)

Wells Fargo analyst Andrew Nowinski maintained a Buy rating on Cloudflare today and set a price target of $270.00. The company’s shares closed last Wednesday at $205.43.

According to TipRanks.com, Nowinski is a 5-star analyst with an average return of 14.7% and a 53.5% success rate. Nowinski covers the Technology sector, focusing on stocks such as Varonis Systems, Dynatrace, and Zscaler. ;'>

Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $232.00, representing a 10.1% upside. In a report issued on March 18, TipRanks – Google also reiterated a Buy rating on the stock with a $235.00 price target.

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