Why HubSpot Beat the Market on Wednesday
On Wednesday, for the second day in a row, customer relationship-management (CRM) specialist HubSpot's (NYSE: HUBS) stock price notched a fresh all-time high, rising by nearly 4% across the day. On the back of announcements made at the company's latest analyst day, a clutch of analysts raised their price targets on HubSpot shares.
The big, market-moving announcement was that HubSpot is launching HubSpot Payments. As the name implies, this is a proprietary, digital "end-to-end" payment solution built into the HubSpot ecosystem.
At least several of the analysts raising their price targets took pains to mention HubSpot Payments in their latest research notes.
Source Fool.com
