HubSpot To See Stable Demand Trends Amid Cautious Optimism In 2H, Bullish Analyst Says
Portfolio Pulse from Nabaparna Bhattacharya
RBC Capital Markets analyst Rishi Jaluria has reiterated an Outperform rating on HubSpot, Inc. (NYSE:HUBS), raising the price target to $625 from $500. The analyst sees stable demand trends for HubSpot, with in-line to slightly softer new customers but better existing customer expansions. The analyst also presented 'cautious optimism' for HUBS in 2H, with sustained multi hub adoption. For FY23 and FY24, the analyst forecasts revenues of $2.085 billion and $2.457 billion, respectively.
July 25, 2023 | 6:50 pm
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POSITIVE IMPACT
HubSpot's price target has been raised to $625 from $500 by RBC Capital Markets analyst Rishi Jaluria, who reiterated an Outperform rating. The analyst sees stable demand trends and 'cautious optimism' for HUBS in 2H.
The analyst's positive outlook and raised price target for HubSpot indicates a bullish sentiment, which could potentially drive the stock price up in the short term. The forecasted stable demand trends and 'cautious optimism' for HUBS in 2H also contribute to the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100