Barclays lowered the firm’s price target on HubSpot (HUBS) to $745 from $815 and keeps an Overweight rating on the shares. In the short term, the firm expects more investor questions on HubSpot, saying Q1 beat levels and profitability were both lower than what investors are used to and as guidance was not raised excluding currency. The main issue seems macro and management conservatism, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS: