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HubSpot (HUBS) faces competition from tech giants, but its focus on small and midsize businesses sets it apart, says Morgan Stanley, which initiated coverage on the marketing automation software company with an equal weight rating. HubSpot stock has gained 40% since its initial public offering last month. HubSpot raised $125 million with its IPO, pricing 5 million shares at 25, above its expected range of 22-24. HubSpot stock fell 1.9% in the Scalper1 News
Scalper1 News