Canaccord Genuity Maintains Buy on HubSpot, Lowers Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Davis maintains a Buy rating on HubSpot (NYSE:HUBS) but lowers the price target from $750 to $700.
May 09, 2024 | 6:51 pm
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Canaccord Genuity maintains a Buy rating on HubSpot but lowers the price target from $750 to $700.
While the reduction in price target could suggest a slightly less optimistic outlook on HubSpot's future price performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100