HubSpot initiated with an Outperform at Macquarie

Macquarie initiated coverage of HubSpot (HUBS) with an Outperform rating and $730 price target implying a 20% total shareholder return. The firm likes the company’s “sustainable” growth opportunity, fiscal 2025 revenue upside potential, and opportunities for operating margin improvement. HubSpot is the fastest-growing company among the top-10 broad-line customer relationship management vendors, which is due to its its “competitive differentiation,” the analyst tells investors in a research note.

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