HubSpot price target raised to $625 from $500 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the firm’s price target on HubSpot to $625 from $500 and keeps an Outperform rating on the shares. The firm’s quarterly check-ins with three HubSpot elite partners indicate that the demand environment seems unchanged, with in-line to slightly softer new customers but in-line to slightly better existing customer expansions, the analyst tells investors in a research note. Partners also view Chatspot as early but are encouraged by HubSpot’s relative innovation and view content assistant as an immediate opportunity, RBC added.