Citi analyst Tyler Radke lowered the firm’s price target on HubSpot (HUBS) to $368 from $640 and keeps a Buy rating on the shares. The firm is “turning more selective” in the application software group with six downgrades and price target cuts. These reflect Citi’s view to underweight software, the analyst tells investors in a research note. The firm sees a lack of catalysts for the stocks over the next 12 months.
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