Morgan Stanley has decided to maintain its Overweight rating of HubSpot (NYSE:HUBS) and lower its price target from $604.00 to $568.00.

Shares of HubSpot are trading up 3.8% over the last 24 hours, at $462.34 per share.

A move to $568.00 would account for a 22.85% increase from the current share price.

About HubSpot

HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.