Morgan Stanley raised the firm’s price target on HubSpot (HUBS) to $898 from $835 and keeps an Overweight rating on the shares. HubSpot reported a beat to both revenue and billings, notes the analyst, who says continued momentum in multi-hub and large deals, plus sustainability in net customer adds, highlight the company’s success in penetrating both up and down market customers. “Disciplined” FY25 guidance and building momentum from pricing and AI increase the firm’s confidence in positive revisions through the year, the analyst added.
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