- The shares of HubSpot Inc (NYSE: HUBS) have received a $450 price target from Jefferies. These are the details.
The shares of HubSpot Inc (NYSE: HUBS) have received a $450 price target from Jefferies. And Jefferies analyst Samad Samana is maintaining a “Buy” rating on the shares.
Samana has adjusted the numbers for several software companies covered and reduced the price targets across the board due to stiffening economic headwinds and the looming risk of recession while considering factors like end market exposure, cash flow support, exposure to Europe, and historical gross and net retention.
Plus several recent data points suggest consumer behavior is changing quickly and that demand could also be softening while the commentary from big-box retailers raised concerns about a mix shift and a slowdown in consumers’ e-commerce spending.
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