HubSpot price target raised to $570 from $470 at Needham

Needham raised the firm’s price target on HubSpot to $570 from $470 and keeps a Buy rating on the shares. The company’s Q2 results were “solid”, though shares are likely to be down today as it appears that investors got ahead of themselves in terms of hype around HubSpot’s AI strategy and its ability to monetize over the next 12 months, the analyst tells investors in a research note.