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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Read More on HUBS:
- HubSpot’s Strong Q2 Performance and Growth Potential: A Buy Recommendation by Joshua Reilly
- HubSpot price target lowered to $775 from $860 at KeyBanc
- HubSpot price target raised to $680 from $675 at Wells Fargo
- HubSpot’s Strong Q2 Performance and Strategic Initiatives Reinforce Buy Rating
- HubSpot upgraded to Overweight from Neutral at Piper Sandler