Oppenheimer on HubSpot Inc (HUBS): 'We view Analyst Day on September 18th as a positive catalyst'

Oppenheimer analyst Ken Wong reiterated an Outperform rating and $625.00 price target on HubSpot Inc (NYSE: HUBS).

The analyst comments "We hosted investor meetings with the Hubspot IR team of Ryan Burkhart and Jenna Marvel at the OpCo Tech Conference last week. Key debates centered on recent macro/demand trends, the migration of the installed base onto the new pricing model, multi-hub dynamics, and other drivers of the business. Management's overall tone remained cautious around macro headwinds to upgrades/expansions, but noted potential for some seat-based pricing tailwinds. HUBS will also lap tough NRR comps and expects improved new cohort NRR dynamics to be a small tailwind in FY25. We view Analyst Day on September 18th as a positive catalyst."

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 $497.26 yesterday.

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