HubSpot shares are trading lower after Raymond James downgraded the stock from Strong Buy to Outperform and lowered its price target from $600 to $520.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has downgraded HubSpot's stock from Strong Buy to Outperform and reduced its price target from $600 to $520. This has led to a decrease in HubSpot's share price.
October 11, 2023 | 3:38 pm
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HubSpot's stock has been downgraded by Raymond James, leading to a decrease in its share price. The price target has also been lowered from $600 to $520.
The downgrade by Raymond James from Strong Buy to Outperform indicates a less optimistic outlook for HubSpot's stock. This, coupled with the reduction in price target, has likely contributed to the decrease in HubSpot's share price.
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