HubSpot price target raised to $740 from $625 at Oppenheimer

Oppenheimer analyst Ken Wong raised the firm’s price target on HubSpot (HUBS) to $740 from $625 and keeps an Outperform rating on the shares. The firm notes HubSpot reported Q3 billings and revenue ahead of consensus, and exceeding investor expectations. Management highlighted large deal, multi-hub momentum with platform finding improved upmarket fit. Results mirrored the extremely positive feedback from partners and customers coming out of Inbound, Oppenheimer says.