TD Cowen Maintains Buy on HubSpot, Lowers Price Target to $680
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Derrick Wood maintains a Buy rating on HubSpot (NYSE:HUBS) but lowers the price target from $700 to $680.

May 09, 2024 | 4:25 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on HubSpot but lowers the price target from $700 to $680.
While the reduction in price target from $700 to $680 by TD Cowen could be perceived negatively, the maintenance of a Buy rating indicates continued confidence in HubSpot's fundamentals and growth prospects. This mixed signal might lead to short-term uncertainty among investors, but the overall positive stance suggests a belief in the company's long-term value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100