JPMorgan added HubSpot (HUBS) to the firm’s US Analyst Focus List while keeping an Overweight rating on the name with a $675 price target The 43% selloff since mid-February has reset HubSpot’s valuation and shifts the stocks risk/reward “asymmetrically positive,” the analyst tells investors in a research note. The firm says software stocks tend to perform better in interest rate cutting environments and HubSpot offered a strong response to the artificial intelligence pressure narrative this week.
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