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HubSpot price target raised to $850 from $725 at JPMorgan

JPMorgan raised the firm’s price target on HubSpot (HUBS) to $850 from $725 and keeps an Overweight rating on the shares. The company reported “another quarter of differentiated performance,” the analyst tells investors in a research note. The firm continues to see “various positive vectors across the business” and is encouraged by the potential for acceleration in growth rates off a fiscal Q1 trough per HubSpot’s commentary.

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