HubSpot price target raised to $450 from $350 at Mizuho

Mizuho analyst Siti Panigrahi raised the firm’s price target on HubSpot to $450 from $350 and keeps a Buy rating on the shares. The company delivered a "strong" Q4 revenue beat, but the uncertain macro environment has remained the same as Q3 with lengthening sales cycles and more scrutiny around deals, the analyst tells investors in a research note. The firm is "encouraged by the company’s strategy to navigate through this macro environment."