HubSpot price target raised to $750 from $700 at Stifel

Stifel raised the firm’s price target on HubSpot to $750 from $700 and keeps a Buy rating on the shares after having conducted checks with five HubSpot agency partners over the last week. Q1 was “a mixed bag for partners” in terms of demand and performance, but there is “a growing sense that 2024 will be a much better year than anticipated when we spoke to similar partners three months ago,” the analyst tells investors following the checks.