Piper Sandler upgraded HubSpot (HUBS) to Overweight from Neutral with a price target of $675, up from $645. The company’s Q2 report was “better-than-feared” with a sales beat against a backdrop of negative investor sentiment, the analyst tells investors in a research note. The firm believes HubSpot is entering a product-driven growth and margin rebound. It sees a favorable risk/reward for the shares post the selloff.
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