HubSpot price target lowered to $650 from $700 at Jefferies

Jefferies lowered the firm’s price target on HubSpot (HUBS) to $650 from $700 but keeps a Buy rating on the shares after its Q2 results. The company’s fundamentals, guidance, and the management’s tone were all better than investors expected, the analyst tells investors in a research note. The management also addressed the role of inbound in an AI world, which should help allay investor concerns on HubSpot’s long-term staying power, the firm added.