UPDATE: Oppenheimer Starts HubSpot Inc (HUBS) at Outperform

July 26, 2022 4:25 PM EDT
Get Alerts HUBS Hot Sheet
Price: $294.70 --0%

Rating Summary:
    30 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 8
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(Updated - July 26, 2022 4:32 PM EDT)

Oppenheimer analyst Ken Wong initiates coverage on HubSpot Inc (NYSE: HUBS) with a Outperform rating and a price target of $350.00.

The analyst comments "We are initiating coverage of HubSpot (HUBS) with an Outperform rating and a $350 price target. We see HubSpot's emergence as a true CRM platform opening up multiple vectors to sustain growth, while also insulating fundamentals from macro headwinds (relative to point solutions). With recession winds swirling, we are seeing the financial performance of platforms fare better than many standalone offerings. History suggests platform vendors will take share and scale through softer markets. Not surprisingly, we have also seen investors prioritize profits over growth. We believe HubSpot represents an optimal combination of platform investments with operational excellence (high-single-digit operating margins)."

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 $290.96 yesterday.

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