Morgan Stanley lowered the firm’s price target on HubSpot (HUBS) to $640 from $747 and keeps an Overweight rating on the shares after Q3 results fell short of buyside expectations for reacceleration. While the firm contends that the durability in core growth drivers along with emerging levers should enable faster growth, it says “more patience” is required as near-term growth stuck in a steady place “does little to drive investors back into shares” right now.
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Read More on HUBS:
- HubSpot price target lowered to $700 from $900 at Needham
- HubSpot price target lowered to $520 from $600 at TD Cowen
- HubSpot’s Strong Fundamentals and Emerging Opportunities Support Buy Rating
- HubSpot price target lowered to $465 from $550 at BMO Capital
- HubSpot price target lowered to $600 from $700 at Canaccord