HubSpot Inc (HUBS) PT Lowered to $550 at Stifel

Stifel analyst J. Parker Lane lowered the price target on HubSpot Inc (NYSE: HUBS) to $550.00 (from $600.00) while maintaining a Buy rating.

The analyst commented, "HubSpot delivered solid performance across the board in 3Q, but the 4Q outlook and exit growth rate left investors questioning the potential path and timeline for a return to 20% constant currency growth, sending shares down double-digits after hours. We see encouraging signs in the print around multi-hub adoption, net adds, >$5k MRR deals, and agentic uptake, and remain confident in the improvement of NRR trends as the year comes to a close. Additionally, management offered that net new ARR growth continued to outpace constant currency revenue growth, which should drive top-line acceleration assuming the trend continues. In our view, HubSpot's recent platform innovation (AEO solutions, new Agents, etc.) positions the company to drive durable growth in the coming years, and potential AI disruption fears continue to be overblown. We maintain our Buy rating, but are trimming our target to $550 on HUBS shares."

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