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HubSpot price target lowered to $405 from $577 at Morgan Stanley

Morgan Stanley analyst Elizabeth Porter lowered the firm’s price target on HubSpot (HUBS) to $405 from $577 and keeps an Overweight rating on the shares. The Q4 report “caps a year of growth stability at HubSpot,” but a lack of acceleration likely fails to change the near-term narrative, the analyst tells investor.

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