RBC Capital raised the firm’s price target on HubSpot (HUBS) to $950 from $825 and keeps an Outperform rating on the shares. The company reported a solid and relatively clean quarter ex-FX with upside in revenue and billings up roughly inline with recent trends, the analyst tells investors in a research note. Macro remained largely unchanged, but SMB optimism is improving, and RBC was pleased to see strong retention metrics alongside HubSpot’s ability to differentiate with a thoughtful AI strategy, the firm adds.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- HubSpot price target raised to $800 from $725 at TD Cowen
- 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