HubSpot (HUBS): Raising PT On Improved FCF Guidance - Needham

November 10, 2016 7:07 AM EST
Get Alerts HUBS Hot Sheet
Price: $51.60 --0%

Rating Summary:
    15 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Needham & Company analyst, Scot Berg, reiterated his Buy rating on shares of HubSpot Inc (NYSE: HUBS) and raised his price target to $65 from $60 after attending HubSpot’s customer conference and analyst day yesterday in Boston.

The analyst believes the announced product enhancements, including an integration with LinkedIn’s Sales Navigator, can maintain the company’s competitive position in the mid-market while a new free marketing product could drive incremental deal flow. The upside surprise to the analyst session was management guiding to positive FCF in FY17 while also driving positive Non-GAAP profitability in 4Q17.

For an analyst ratings summary and ratings history on HubSpot Inc click here. For more ratings news on HubSpot Inc click here.

Shares of HubSpot Inc closed at $56.75 yesterday.

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