Evercore ISI lowered the firm’s price target on HubSpot (HUBS) to $500 from $650 and keeps an In Line rating on the shares. The shares dipped post-Q3 despite a solid quarter, as Q4 guidance was softer than anticipated, the analyst tells investors in a research note. The firm added that while net new ARR is growing faster than revenue due to up-market strength and platform consolidation, the revenue impact will take time.
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Read More on HUBS:
- HubSpot price target lowered to $640 from $747 at Morgan Stanley
- HubSpot price target lowered to $700 from $900 at Needham
- HubSpot price target lowered to $520 from $600 at TD Cowen
- HubSpot’s Strong Fundamentals and Emerging Opportunities Support Buy Rating
- HubSpot price target lowered to $465 from $550 at BMO Capital