HubSpot price target raised to $710 from $540 at BMO Capital

BMO Capital raised the firm’s price target on HubSpot to $710 from $540 and keeps an Outperform rating on the shares. The company is poised to have a solid Q4, helped by a conservative quarter guide, and should also provide FY24 revenue guidance that is close to current consensus, though billings estimates may need to move modestly lower, the analyst tells investors in a research note. BMO added that the new pricing plan should help HubSpot sustain longer-term growth.