HubSpot price target lowered to $250 from $280 at Raymond James

Raymond James analyst Brian Peterson lowered the firm’s price target on HubSpot (HUBS) to $250 from $280 and keeps an Outperform rating on the shares. The mixed Q1 update sent shares sharply lower after hours, with positives including accelerating AI adoption, continued up-market traction, and achievement of the 2027 margin target ahead of schedule, but offset by longer sales cycles, salesforce retraining tied to new AI packaging, and a weaker-than-consensus Q2 outlook that implies a back-half acceleration in constant-currency growth, the analyst tells investors in a research note. Valuation appears attractive even as the stock may remain under pressure in the near term, the firm says.