HubSpot price target raised to $600 from $580 at Wolfe Research

Wolfe Research analyst Alex Zukin raised the firm’s price target on HubSpot to $600 from $580 and keeps an Outperform rating on the shares. The firm says the company’s analyst day, where generative artificial intelligence announcements, a new Sales Hub, and new mid-term margin targets were announced, give it greater conviction in management’s ability to execute against their growth and profitability strategy.