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HubSpot price target raised to $900 from $750 at Truist

Truist raised the firm’s price target on HubSpot (HUBS) to $900 from $750 and keeps a Buy rating on the shares. The company reported “strong” Q4 results with beats across the top and bottom lines, while its large deal activity was up 21% y/y, co-selling was up 68% y/y, new enterprise lands with Service Hub up 100% from Q3, and positive AI-product metrics “on display”, the analyst tells investors in a research note.

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