HubSpot price target lowered to $400 from $800 at RBC Capital

RBC Capital lowered the firm’s price target on HubSpot (HUBS) to $400 from $800 and keeps an Outperform rating on the shares. The company’s Q4 results were solid, sending shares up afterhours, with revenue, Billings, net customer adds, and profitability all above consensus, the analyst tells investors in a research note. Disclosing Lovable as customers may help to disprove the “vibe coding” bear case, the firm adds.