HubSpot price target lowered to $550 from $580 at UBS

UBS analyst Taylor McGinnis lowered the firm’s price target on HubSpot to $550 from $580 and keeps a Neutral rating on the shares. While HubSpot reported solid Q2 growth in a mixed/challenging earnings season to-date, the debate seems to be on the modestly lower second half revenue growth guidance, the analyst tells investors in a research note. HubSpot said demand trends in Q2 were similar to Q1 and its lower outlook reflects a continuation of the challenging macro, and UBS says the risk/reward seems balanced for a potential teens growth outlook.