HubSpot price target raised to $600 from $475 at Barclays

Barclays analyst Ryan MacWilliams raised the firm’s price target on HubSpot to $600 from $475 and keeps an Equal Weight rating on the shares. The price target is part of the analyst’s Q4 earnings preview for the software sector. Investor fear of missing a move higher outweighs valuation concerns, says the analyst, citing conversations with investors.