KeyBanc initiated coverage of HubSpot with an Underweight rating and $520 price target. HubSpot has “built an impressive business from its origin in inbound marketing to now a legitimate front-office platform,” the analyst tells investors. However, the firm calls the stock “your classic long-view positive, short-view negative situation because there are indeed risks.” The firm, which feels like it is “being optimistic in our assumptions,” sees the risk-reward profile skewing downward.
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