HubSpot price target raised to $950 from $825 at RBC Capital

RBC Capital raised the firm’s price target on HubSpot (HUBS) to $950 from $825 and keeps an Outperform rating on the shares. The company reported a solid and relatively clean quarter ex-FX with upside in revenue and billings up roughly inline with recent trends, the analyst tells investors in a research note. Macro remained largely unchanged, but SMB optimism is improving, and RBC was pleased to see strong retention metrics alongside HubSpot’s ability to differentiate with a thoughtful AI strategy, the firm adds.