HubSpot price target raised to $465 from $345 at BMO Capital

BMO Capital raised the firm’s price target on HubSpot to $465 from $345 and keeps an Outperform rating on the shares. Despite the continued – though not worsened – macro pressure, the company reported another quarter of better than expected results, with most metrics exceeding the firm’s consensus estimates, the analyst tells investors in a research note. HubSpot offers a strong, tightly integrated marketing platform that is well-positioned in the SMB market, BMO Capital added.