HubSpot Inc (HUBS) PT Lowered to $300 at Truist Despite 'Strong Beats'

Truist Securities analyst Terry Tillman lowered the price target on HubSpot Inc (NYSE: HUBS) to $300.00 (from $650.00) while maintaining a Buy rating.

The analyst commented: "Strong Beats Across the Board; Accelerating NRR and Improved AI Adoption; HubSpot delivered another positive quarter of growth & margin execution, beating our estimates on the top & bottom lines. The company remains confident on its multi-year AI opportunity and reported positive momentum with multi-hub adoption and its upmarket motion. We believe that the FY26 guide (18% as reported, 16% cc) was a prudent/positive starting point with solid upside opptys. We believe HubSpot has multiple ways to win and some defenses from AI disruption fears. We maintain Buy rating but are lowering our PT to $300 (from $650) due to significant software multiple compression in recent weeks."

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