HubSpot price target raised to $552 from $550 at Wells Fargo

Wells Fargo raised the firm’s price target on HubSpot to $552 from $550 and keeps an Overweight rating on the shares. Given recent skittishness, the firm thought HubSpot delivered a clean quarter with Q3 upside and Q4 guide in-line. While the backdrop is admittedly tough, Wells sees HubSpot executing well and likely to emerge even better on the other side.