BMO Capital lowered the firm’s price target on HubSpot (HUBS) to $745 from $885 and keeps an Outperform rating on the shares ahead of its Q1 results next week. The firm believes the company will report a solid March quarter, with some upside to revenue and billings growth, even though third-party survey data suggests that SMB optimism has decreased over the past few months, which could impact business momentum over the next few quarters, the analyst tells investors in a research note.
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