TD Cowen analyst Derrick Wood raised the firm’s price target on HubSpot (HUBS) to $800 from $725 and keeps a Hold rating on the shares. The firm said seat expansions and downsell mitigation are helping drive NRR higher but SKU upgrades continue to lag and they see the valuation as full.
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Read More on HUBS:
- HubSpot price target raised to $950 from $850 at BofA
- HubSpot’s Strong Financial Performance and Strategic Positioning: A Buy Recommendation by Keith Bachman
- HubSpot price target raised to $775 from $740 at UBS
- HubSpot price target raised to $898 from $835 at Morgan Stanley
- HubSpot price target raised to $850 from $725 at JPMorgan
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