HubSpot price target raised to $767 from $689 at Citi

Citi raised the firm’s price target on HubSpot to $767 from $689 and keeps a Buy rating on the shares. The firm stands by its 2024 view of an improving IT spending environment including e-commerce and selective categories within front office, but is more cautious on an uptick in tech layoffs, further deterioration within sales enablement category, and the impact of email sender changes heading into the December quarter reports.