HubSpot Inc (NYSE:HUBS) is one of the 13 Best Revenue Growth Stocks to Buy Right Now.
HubSpot Inc. was also affected by the broad sweep across the sub-sector in a February 2 note by Piper Sandler, which lowered its target price on the company to $400 from $590 and maintained an Overweight rating on the shares.
Piper downgraded three names and cut price targets across the platforms and apps group, because “seat-compression and vibe coding narratives could set a ceiling on multiples,” according to a research note. Software will continue to experience “pessimism,” while the hyperscaler, consumption, and vertical sub-sectors should fare better, according to the note.
In the past month, several research firms cut their price targets on HubSpot: BMO Capital lowered its target to $385 from $465, UBS to $450 from $600, Goldman Sachs to $517 from $612, and Morgan Stanley to $577 from $640.
HubSpot, Inc. is a customer platform company focused on cloud-based customer relationship management. Its platform includes marketing, sales, service, operations, and a content management system, as well as other tools, integrations, and native payment solutions.
READ NEXT: 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.
This article is originally published at Insider Monkey.
