HubSpot Inc (HUBS) PT Raised to $950 at RBC Capital; 'Solid Quarter, Attractive 2025 Setup'

RBC Capital analyst Rishi Jaluria raised the price target on HubSpot Inc (NYSE: HUBS) to $950.00 (from $825.00) while maintaining a Outperform rating.

The analyst commented: "Solid Quarter; Attractive 2025 Setup; HubSpot reported a solid and relatively clean quarter ex-FX, as shares traded up 5% AMC. Upside in revenue and billings were roughly inline with recent trends, as the macro remained largely unchanged, but SMB optimism is improving. We were pleased to see strong retention metrics alongside HubSpot's ability to differentiate with a thoughtful AI strategy. All in, HubSpot continues to innovate and execute well, and we think guidance is conservative, making risk/reward favorable."

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