Canaccord raised the firm’s price target on HubSpot to $550 from $475 and keeps a Buy rating on the shares. The firm said HubSpot easily topped Q2 revenue and operating margin but it feels like the firm’s leading indicators more notably slowed during the period. Canaccord said it remains an extremely well-positioned business in the long run which is the basis for their rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HUBS: