HubSpot (HUBS) Stock: $485 Price Target And Outperform Rating

By Amit Chowdhry ● Apr 27, 2022
  • The shares of HubSpot Inc (NYSE: HUBS) have received a $485 price target from BMO Capital. These are the details.

The shares of HubSpot Inc (NYSE: HUBS) have received a $485 price target from BMO Capital. And BMO Capital analyst Keith Bachman is maintaining an “Outperform” rating on the shares.

Bachman adjusted the rating upon noting that even though a growing Enterprise mix supports the 2022 and 2023 revenue estimates, there are concerns about challenging macro trends, especially within the SMB segment and Europe. This poses an increasing risk to HubSpot in 2022. 

This price target reflects concerns about the economic backdrop and broader compression in software valuations.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.