HubSpot price target raised to $560 from $485 at JPMorgan

JPMorgan raised the firm’s price target on HubSpot to $560 from $485 and keeps an Overweight rating on the shares post the analyst day. The company defined its vision for “durable and efficient” growth supported by traction across multiple hubs and deepened its vision for artificial intelligence within its platform, the analyst tells investors in a research note. Despite short-term variability, the firm continues to believe that HubSpot “presents an attractive profile as a multi-year compounder with a differentiated product vision.”