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HubSpot price target lowered to $675 from $720 at Truist

Truist lowered the firm’s price target on HubSpot (HUBS) to $675 from $720 and keeps a Buy rating on the shares. The company’s Q2 execution was positive as it solidly beat the firm’s topline estimates, though the firm is cutting its price target to reflect a broader software valuation rerating, the analyst tells investors in a research note.

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