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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HUBS:
- Bad News for HubSpot, Inc. Stock: This New Risk Has Been Added
- HubSpot price target raised to $700 from $600 at Truist
- HubSpot price target raised to $730 from $630 at Needham
- HubSpot price target raised to $725 from $650 at Oppenheimer
- HubSpot price target raised to $763 from $697 at Morgan Stanley