HubSpot Inc (HUBS) PT Raised to $202 at Jefferies

Jefferies analyst Samad Samana raised the price target on HubSpot Inc (NYSE: HUBS) to $202.00 (from $150.00) while maintaining a Buy rating.

The analyst commented, "UBS reported a strong 1Q, getting out of the gate quickly in 2020. COVID-19 headwindshit in late March and HUBS lowered guidance as a result. We believe the decision to provide FY20 guidance itself reflects the resilience of the business model and HUBS'scustomers/partners. Further, ~20% YoY growth in this environment is better than most investors would have expected. HUBS faces NT challenges, but our LT thesis remains intact. Maintain Buy, raise PT to $202."

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