Oppenheimer analyst Ken Wong raised the firm’s price target on HubSpot (HUBS) to $750 from $700 and keeps an Outperform rating on the shares. The firm notes HubSpot reported strong Q1 results with revenue and billings exceeding cautiously optimistic investor expectations. First quarter demand commentary generally mirrored the feedback from partners and customers, which sustained momentum with a hint of uncertainty, Oppenheimer says. The firm expects the hybrid monetization model to roll through other Hubs over time. Oppenheimer sees upmarket share gains, improving NRR, and future AI monetization as viable sources of incremental growth.
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Read More on HUBS:
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