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

Stifel analyst J. Parker Lane lowered the firm’s price target on HubSpot (HUBS) to $550 from $600 and keeps a Buy rating on the shares. HubSpot delivered “solid performance across the board” in Q3, but this was overshadowed by the Q4 outlook and exit growth rate, which left investors questioning the potential path and timeline for a return to 20% constant currency growth, the analyst says. HubSpot’s recent platform innovation positions the company to drive durable growth in the coming years, says the analyst, who adds that potential AI disruption fears “continue to be overblown.”