Stephens analyst James Rutherford removed HubSpot from the firm's Best Idea List following a 40% advance in the shares and replaced it with SurveyMonkey parent SVMK, citing his conviction that the company's growth acceleration and evolution into an enterprise SaaS business are still "relatively undiscovered." While SVMK shares currently trade at a 30% discount to comparable high-quality SaaS peers, Rutherford believes revenue outperformance, greater enterprise exposure and improving investor sentiment can help close that gap. He maintains an Overweight rating with a $20 price target on SVMK shares.