HubSpot price target raised to $600 from $550 at Canaccord

Canaccord analyst David Hynes raised the firm’s price target on HubSpot to $600 from $550 and keeps a Buy rating on the shares. The firm said the company used its annual conference as an opportunity to introduce HubSpot AI, a collection of AI features that span the breadth of the platform and its various Hubs. Canaccord believes HubSpot stands a good chance at capturing share and becoming the de facto choice for AI/Smart CRM in the SMB market, which should ultimately lead to value creation for both customers and shareholders.