Mizuho analyst Siti Panigrahi lowered the firm’s price target on HubSpot to $650 from $700 and keeps a Buy rating on the shares. The company reported Q1 above consensus, but consistent with broader commentary within software, HubSpot saw incremental macro headwinds emerge in Q1, the analyst tells investors in a research note. However, the firm believes in the company’s ability to deliver durable growth longer-term once macro headwinds dissipate.
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