BofA/Merrill analyst Brad Sills raised his price target on HubSpot (HUBS) to $130 and kept his Buy/Top Pick rating, forecasting better than expected earnings result for Q1 when the company reports later this month. Sills cites his recent calls with several marketing agency partners whose feedback indicates continued momentum in the marketing business ad accelerating growth in emerging sales / CRM. The analyst further points to "particular strength" in Europe considering the "late adoption" of HubSpot's core Sales Starter Edition product as a cheaper alternative to the Salesforce (CRM) suite.