Needham lowered the firm’s price target on HubSpot (HUBS) to $300 from $700 and keeps a Buy rating on the shares. The company had a strong month of December, which contributed to a modestly smaller Q4 revenue beat, the analyst tells investors in a research note. Q4 results are enough to drive a relative bottom in shares, and the firm would be a buyer on any weakness as HubSpot positions for multiple drivers to growth re-acceleration, Needham adds.
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