Stifel Maintains Buy on HubSpot, Lowers Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Parker Lane maintains a Buy rating on HubSpot (HUBS) but lowers the price target from $750 to $700.
May 09, 2024 | 1:59 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on HubSpot but lowers the price target from $750 to $700.
While the reduction in price target could suggest a more cautious outlook on HubSpot's short-term price potential, the maintenance of a Buy rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained Buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100