Why Software Company HubSpot's Shares Are Sliding Today
Portfolio Pulse from Lekha Gupta
Raymond James analyst Brian Peterson has downgraded HubSpot Inc (NYSE:HUBS) from Strong Buy to Outperform and lowered its price target to $520 from $600. The analyst is bearish due to cautious trends and skepticism about the upside in H2 2023. Concerns include extended sales cycles and smaller deal sizes. However, the analyst still sees potential in the company's consistent R&D and S&M execution, and believes it will grow faster than its market categories.
October 11, 2023 | 5:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
HubSpot Inc's stock has been downgraded by Raymond James analyst Brian Peterson, who also lowered the price target. The analyst cited cautious trends and skepticism about the upside in H2 2023 as reasons for the downgrade.
The downgrade by Raymond James analyst Brian Peterson from Strong Buy to Outperform, along with a lowered price target, indicates a less optimistic outlook for HubSpot Inc. This is likely to negatively impact the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100