Stifel analyst J. Parker Lane lowered the firm’s price target on HubSpot (HUBS) to $600 from $650 and keeps a Buy rating on the shares. After speaking with four HubSpot Elite partners to get an update on their Q3 performance, the firm says feedback was “more mixed” this quarter, with partners seeing longer deal cycles and a shift in the nature of work they’re doing for HubSpot customers. However, long-term demand trends remain favorable and partners see long-term opportunity in the ecosystem, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HUBS:
- Morgan Stanley says HubSpot partner results signal momentum, resilience
- HubSpot’s Strategic Positioning and AI Potential Drive Buy Rating Amid Market Opportunities
- HubSpot, Mattel strength attributed to mentions during OpenAI DevDay
- Wells Fargo Says Agentic Coding Is Fueling a New AI Boom — Here Are 3 Stocks Poised to Benefit
- HubSpot initiated with an Overweight at Wells Fargo