HubSpot price target lowered to $475 from $525 at Barclays

Barclays analyst Ryan MacWilliams lowered the firm’s price target on HubSpot to $475 from $525 and keeps an Equal Weight rating on the shares. The company’s Q3 results saw better customer adds and net retention, but investors remain concerned around HubSpot’s FY24 revenue growth upside given the constant-currency billings growth of on 20% vs. last year, the analyst tells investors in a research note.