Goldman Sachs lowered the firm’s price target on HubSpot (HUBS) to $612 from $717 and keeps a Buy rating on the shares. HubSpot’s results modestly exceeded expectations, with revenue 3% above consensus and EBIT margin in line, while Q4 guidance was similarly slightly ahead, the analyst tells investors in a research note. Longer term, HubSpot appears well-positioned to benefit from AI adoption given its innovation focus and integrated technology platform, Goldman says.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- HubSpot price target lowered to $550 from $600 at Stifel
- HubSpot’s Strong Q3 Performance and Strategic Initiatives Justify Buy Rating Despite Minor Setbacks
- HubSpot price target lowered to $550 from $700 at Mizuho
- HubSpot price target lowered to $515 from $640 at BofA
- Stable Growth and Strategic Positioning Support HubSpot’s Buy Rating Despite Conservative Forecasts