20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Raymond James analyst Brian Peterson downgraded HubSpot Inc (NYSE:HUBS) from Strong Buy to Outperform and lowered its price target to $520 from $600.
The analyst is bearish on the stock as his early Q3 check suggests more cautious trends and raises skepticism about the upside in H2 2023.
Notably, the analyst is concerned about extended sales cycles and smaller deal sizes at some HUBS partners.
Nevertheless, the analyst's positive rating reflects confidence in consistent R&D and S&M execution.
Also, the analyst believes the company still benefits from vendor consolidation and sees Sales Hub as a 'bright spot.'
Overall, the analyst expects HUBS to grow faster than its market categories and believes in organic innovation capability but doesn't believe innovation monetization will be inflected in H2 2023.
Price Action: HUBS shares are down 4.42% at $447.13 on the last check Wednesday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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