HubSpot (HUBS) Tops Q2 EPS by 4c, Offers Q3 & FY Guidance

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Needham & Company Raises Price Target on HubSpot (HUBS) to $62 Following EPS Beat

August 7, 2015 8:45 AM EDT

Needham & Company reiterated a Buy rating on HubSpot Inc (NYSE: HUBS), and raised the price target to $62.00 (from $60.00), following 2Q15 results. HUBS revenues were up 58% y/y to $42.9MM and up 12.5% q/q, and above Street consensus of $40.5MM. NonGAAP EPS was $-0.17 beating Street estimates of $-0.21. Management raised FY15... More