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HubSpot price target raised to $680 from $675 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on HubSpot (HUBS) to $680 from $675 and keeps an Overweight rating on the shares. The firm says the company’s Q2 showed signs of bounce back with billings up 20%, revenues up 18% and positive customer adds/seat growth commentary. Wells further notes that after adjusted for FX, full year raise more modest, but still sees enough to reverse recent pullback into INBOUND.

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