Macquarie analyst Frederick Havemeyer raised the firm’s price target on HubSpot to $710 from $648 and keeps an Outperform rating on the shares, stating that the company closed out a strong FY23 with “a top-to-bottom Q4 beat,” while noting that the company beat estimates in all four quarters of FY23. To reflect the company’s new guidance, the firm lowered its FY24 revenue estimate by 0.4% and raise its FY24 non-GAAP EPS forecast by 27c to $6.92.
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