Macquarie analyst Steve Koenig last night downgraded HubSpot (HUBS) to Neutral from Outperform with a price target of $190, down from $350. The company reduced its implied sales outlook for the remainder of the year as it is seeing AI impact sales cycles, the analyst tells investors in a research note. Macquarie thinks the shares may be range-bound until there’s visibility into sustainable sales growth at HubSpot.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- HubSpot downgraded to Neutral from Outperform at Macquarie
- The Week That Was, The Week Ahead: Macro and Markets, May 10
- AI Models Split on HubSpot as Valuation and Technicals Offset Earnings Momentum
- HubSpot, Atara, Upwork, Fastly, Planet Fitness Trending With Analysts
- HubSpot Earnings Call Highlights AI-Fueled Growth