Truist lowered the firm’s price target on HubSpot (HUBS) to $300 from $650 and keeps a Buy rating on the shares. The company delivered another positive quarter of growth and margin execution, beating the firm’s estimates on the top and bottom lines, the analyst tells investors in a research note. HubSpot remains confident on its multi-year AI opportunity and reported positive momentum with multi-hub adoption and its upmarket motion, the firm adds.
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