- The shares of HubSpot Inc (NYSE: HUBS) have received a $625 price target from Mizuho. These are the details.
The shares of HubSpot Inc (NYSE: HUBS) have received a $625 price target from Mizuho. And Mizuho Securities analyst Siti Panigrahi increased the price target on HubSpot from $500 while maintaining a “Buy” rating on the shares.
Panigrahi adjusted the rating after the company reported strong fourth quarter results.
“After a 38% retreat from its 52-week high, investors concerned about 2022 growth guidance should find comfort in the company’s 33% year-over-year top-line guide (above consensus of 28% Y/Y). The quarter once again validates our view that HubSpot’s consistent execution and ongoing product expansion position it favorably to benefit from digital transformation efforts, with progress toward sustainable growth and margin expansion likely to manifest further in 2022,” wrote Panigrahi in a research note.
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