Raymond James lowered the firm’s price target on HubSpot (HUBS) to $825 from $980 and keeps an Outperform rating on the shares. HubSpot’s Q1 results broadly exceeded the firm’s expectations, though there was more modest upside than typical, the analyst tells investors in a research note. Raymond James sees avenues for HubSpot to gain share in this environment, similar to the vendor consolidation benefits witnessed in 2023.
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Read More on HUBS:
- HubSpot price target raised to $820 from $675 at UBS
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- HubSpot’s Resilient Performance and Strategic Pricing Model Shift Amid Economic Challenges
- HubSpot price target raised to $750 from $700 at Oppenheimer
- HubSpot’s Strong Q1 Performance and Strategic Growth Justify Buy Rating