HubSpot upgraded to Sector Weight from Underweight at KeyBanc

KeyBanc analyst Jackson Ader upgraded HubSpot to Sector Weight from Underweight without a price target. With a number of months of the new pricing and packaging under the company’s belt and over a year since the pilot program was first launched, the execution risks have come down, the analyst tells investors in a research note. When coupled with significant multiple compression and a second half growth rate in the mid-teens, the firm thinks this is the right time to upgrade shares to Sector Weight.