Citigroup Maintains Buy on HubSpot, Lowers Price Target to $767
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Drew Foster maintains a Buy rating on HubSpot (HUBS) but lowers the price target from $798 to $767.

May 10, 2024 | 9:32 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on HubSpot but lowers the price target from $798 to $767, indicating continued confidence in the company's prospects despite a slight adjustment in valuation.
The adjustment in price target by Citigroup reflects a nuanced view on HubSpot's valuation, suggesting a recalibration rather than a fundamental shift in the company's outlook. The maintenance of a Buy rating indicates continued confidence in HubSpot's growth trajectory, but the lowered price target may temper short-term expectations among investors. This could lead to a neutral short-term impact on the stock as the market digests the implications of the revised target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90