BMO Capital analyst Keith Bachman lowered the firm’s price target on HubSpot (HUBS) to $465 from $550 and keeps an Outperform rating on the shares. The stock has sold off on investors’ expectations that the company could begin to accelerate growth compared to a modest Q3 beat/guide, though the firm believes that HubSpot could sustain revenue growth, the analyst tells investors in a research note.
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Read More on HUBS:
- HubSpot price target lowered to $600 from $700 at UBS
- HubSpot price target lowered to $590 from $675 at Piper Sandler
- HubSpot price target lowered to $612 from $717 at Goldman Sachs
- HubSpot price target lowered to $550 from $600 at Stifel
- HubSpot’s Strong Q3 Performance and Strategic Initiatives Justify Buy Rating Despite Minor Setbacks