HubSpot price target raised to $750 from $700 at RBC Capital

RBC Capital raised the firm’s price target on HubSpot (HUBS) to $750 from $700 and keeps an Outperform rating on the shares. The company reported a solid beat-and-raise quarter, with upside in revenue, billings, and operating margin that were roughly inline with recent trends as the macro backdrop remained unchanged, the analyst tells investors in a research note. HubSpot’s upmarket momentum also accelerated, RBC adds.