BMO Capital analyst Keith Bachman lowered the firm’s price target on HubSpot (HUBS) to $550 from $600 and keeps an Outperform rating on the shares. Correlating the company’s near-term growth potential with recent SMB-related data, the firm believes that HubSpot can generate a few points of upside to billings vs. consensus, though given pervasive concerns around front office growth potential from the advent of GenAI, BMO is reducing its price target the analyst tells investors in a research note.
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