HubSpot price target raised to $604 from $550 at Argus

Argus analyst Joseph Bonner raised the firm’s price target on HubSpot to $604 from $550 and keeps a Buy rating on the shares. The company’s Q2 earnings have tripled on 25% revenue growth as HubSpot reaped the cost benefits of earlier restructuring, the analyst tells investors in a research note. HubSpot is navigating a soft macroeconomic environment while continuing to innovate to deliver more value to customers, including introducing new AI-based products, the firm added.