Raymond James analyst Brian Peterson maintains $HubSpot (HUBS.US)$ with a buy rating, and adjusts the target price from $675 to $750.
According to TipRanks data, the analyst has a success rate of 60.9% and a total average return of 17.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $HubSpot (HUBS.US)$'s main analysts recently are as follows:
The demand environment for HubSpot is perceived to be marginally more favorable following the Q3 report, accompanied by optimism around the potential for upgrades driven by the seat-based pricing model.
HubSpot's execution of key growth initiatives resulted in robust third-quarter performance across various growth metrics. The company exhibited strength in both up-market and down-market segments, contributing to its positive results.
HubSpot reported a robust Q3 performance, achieving 20% growth in revenue and billings. This outcome met investor anticipations and represented only a slight slowdown from the low-20s growth seen in the first half of 2024.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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