Wells Fargo Maintains Overweight on HubSpot, Lowers Price Target to $550
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on HubSpot (NYSE:HUBS) but lowered the price target from $600 to $550.
October 24, 2023 | 3:01 pm
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HubSpot's price target has been lowered by Wells Fargo from $600 to $550, although the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100