Morgan Stanley analyst Elizabeth Porter raised the firm’s price target on HubSpot (HUBS) to $752 from $659 and keeps an Overweight rating on the shares. HubSpot reported about a 3% beat to constant currency revenue guidance and a 5% billings beat versus consensus in what the firm describes as “a solid Q1 print on the back of strong recent outperformance.” Multi-hub momentum, upmarket success and growing AI traction build confidence in the durability of growth, the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- HubSpot’s Strategic Positioning and Growth Prospects Drive Buy Rating
- HubSpot price target lowered to $825 from $980 at Raymond James
- HubSpot price target raised to $820 from $675 at UBS
- HubSpot price target raised to $645 from $535 at Piper Sandler
- HubSpot’s Resilient Performance and Strategic Pricing Model Shift Amid Economic Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue