HubSpot price target raised to $700 from $600 at Truist

Truist raised the firm’s price target on HubSpot to $700 from $600 and keeps a Buy rating on the shares. The company posted a strong Q4 considering the macro, with notable upside to the firm’s revenue, EBIT, and calculated billings estimates, the analyst tells investors in a research note. Despite continued pressure on net upsells, several green shoots emerged in Q4, including increased buyer “urgency” with large deals, record net customer adds, and continued strong multi-hub adoption, the firm added.