HubSpot price target raised to $500 from $380 at RBC Capital

RBC Capital raised the firm’s price target on HubSpot to $500 from $380 and keeps an Outperform rating on the shares. The company demonstrated "solid" Q4 results while also taking a conservative outlook and showing margin improvement, the analyst tells investors in a research note. HubSpot remains macro-sensitive, but the quarter has also increased its confidence in HubSpot as a "top bounce-back pick", especially in light of its better-than-expected profitability outlook, the firm added.