Needham raised the firm’s price target on HubSpot to $730 from $630 and keeps a Buy rating on the shares. The company reported a “strong” Q4 as product and sales strategies put in place by management over the last several years drove significant market share gains, the analyst tells investors in a research note. Net customers additions of 11K is a testament to the value proposition of the Starter Suite, while Pro and Enterprise drove strong large-deal activity as over 800 features and functionality added to the platform in the last year convinced customers to consolidate to HubSpot, the firm added.
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