Goldman Sachs lowered the firm’s price target on HubSpot (HUBS) to $612 from $717 and keeps a Buy rating on the shares. HubSpot’s results modestly exceeded expectations, with revenue 3% above consensus and EBIT margin in line, while Q4 guidance was similarly slightly ahead, the analyst tells investors in a research note. Longer term, HubSpot appears well-positioned to benefit from AI adoption given its innovation focus and integrated technology platform, Goldman says.
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