HubSpot (HUBS) Stock: $675 Price Target And Buy Rating

By Amit Chowdhry ● Feb 21, 2022
  • The shares of HubSpot Inc (NYSE: HUBS) have received a $675 price target from Canaccord. These are the details.

The shares of HubSpot Inc (NYSE: HUBS) have received a $675 price target from Canaccord. And Canaccord analyst David Hynes is maintaining a “Buy” rating on the shares.

Hynes adjusted the model and price target — which is reflective of a reset in sector multiples and the expectation that for now, the new norm for high-quality names in the space will generally be in the 10-15x forward range. This is still a premium to historic trading levels.

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