HubSpot price target lowered to $550 from $600 at Mizuho

Mizuho lowered the firm’s price target on HubSpot to $550 from $600 and keeps a Buy rating on the shares. The company reported strong Q3 results with consistent execution, delivering revenue and profitability well ahead of consensus and addressing recent investor concerns over macro and small business health, the analyst tells investors in a research note. The firm believes the acquisition of ClearBit can further enable HubSpot to become “the all-in-one CRM platform for SMBs.”