HubSpot price target raised to $763 from $697 at Morgan Stanley

Morgan Stanley raised the firm’s price target on HubSpot to $763 from $697 and keeps an Overweight rating on the shares after the company delivered “strong results” in Q4 and gave “achievable guidance” given product momentum heading into FY24. While management fell short of calling the all-clear and expects deal scrutiny to remain, “we are encouraged by the possibility of improvement in 2024,” the analyst tells investors.