KeyBanc analyst Jackson Ader lowered the firm’s price target on HubSpot (HUBS) to $775 from $860 and keeps an Overweight rating on the shares. The firm says it was “good to see” some upside to estimates in a quarter after the stock has struggled so much of late. Better-than-expected constant currency result by 2% and increased guide for the year at 1% are positive but not exactly a victory lap to be fair, KeyBanc adds.
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