Morgan Stanley Maintains Overweight Rating for HubSpot: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for HubSpot (NYSE:HUBS) but lowered its price target from $604.00 to $568.00. HubSpot's shares are currently trading up 3.8% at $462.34 per share. A move to $568.00 would account for a 22.85% increase from the current share price.
October 19, 2023 | 5:00 pm
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Morgan Stanley has maintained its Overweight rating for HubSpot but lowered its price target. This could potentially lead to a 22.85% increase in HubSpot's share price.
Morgan Stanley's decision to maintain an Overweight rating indicates a positive outlook for HubSpot. However, the lowering of the price target might cause some uncertainty among investors. Despite this, the new target price still suggests a significant potential increase from the current share price.
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