HubSpot price target raised to $700 from $650 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on HubSpot to $700 from $650 and keeps an Overweight rating on the shares. HubSpot has announced pricing changes, removing seat min thresholds and introducing new seat types, the firm says. The details were mostly expected, but the timing represents an encouraging step forward in the company’s AI strategy, Wells argues.