UBS analyst Taylor McGinnis raised the firm’s price target on HubSpot (HUBS) to $820 from $675 and keeps a Buy rating on the shares. While HubSpot’s Q1 was a bit soft, it is not thesis-changing and UBS believes HubSpot is capable of growing at 18%-19% constant currency for the remainder of the year if the environment remains stable, the analyst tells investors in a research note.
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Read More on HUBS:
- HubSpot price target raised to $645 from $535 at Piper Sandler
- 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
- HubSpot price target lowered to $745 from $815 at Barclays