BofA lowered the firm’s price target on HubSpot (HUBS) to $515 from $640 and keeps a Buy rating on the shares. Constant currency billings growth of 19% fell short of investor expectations, notes the analyst, who adds that visibility into the timing and materiality of 20%-plus constant currency revenue and billings growth reacceleration “remains elusive.” Following the Q3 report, the firm fine-tunes 2025 estimates to reflect guidance, but lowered its 2026 and 2027 revenue estimates to reflect persisting headwinds, the analyst added.
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