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Stifel analyst J. Parker Lane raised the price target on HubSpot Inc (NYSE:HUBS) to $600 from $565, implying a 2.3% upside, and reiterated a Buy rating.
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- The rating follows discussion with multiple partners in the HubSpot ecosystem ahead of the company's Q2 earnings report.
- His partner and customer checks clarified that HubSpot continues to be one of the dominant players in the CRM and marketing space for small and medium-sized businesses.
- HubSpot's Q2 revenue estimate of $297 million is about the consensus forecast near $295 million.
- Price action: HUBS shares traded higher by 1.18% at $583.57 on the last check Wednesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.