HubSpot price target raised to $450 from $400 at Truist

Truist analyst Terry Tillman raised the firm’s price target on HubSpot to $450 from $400 and keeps a Buy rating on the shares. The company’s execution was on "full display" in Q4 as its revenue, operating profit, and free cash flows exceeded estimates in spite of the macro dynamics impacting so many of its peers, the analyst tells investors in a research note. HubSpot provides "not just profitable growth but Strong profitable growth", and the company’s strength down market and up market is "compelling", the firm added.