HubSpot (HUBS) Stock: $800 Price Target From Jefferies

By Amit Chowdhry ● Feb 8, 2022
  • The shares of HubSpot Inc (NYSE: HUBS) have received an $800 price target from Jefferies. These are the details.

The shares of HubSpot Inc (NYSE: HUBS) have received an $800 price target from Jefferies. And Jefferies analyst Samad Samana reiterated a “Buy” rating on the shares.

Samana adjusted the rating on the belief that the company can beat the +42% subscriber revenue estimate despite FX headwinds growing stronger during the fourth quarter and a much tougher year-over-year comp.

“We found partner feedback constructive on 4Q and the initial weeks of 2022. We expect 2022 rev guidance to beat consensus, although FX will flip from a tailwind in 2021 (~3pts) to a headwind in 2022. On the whole, we believe HUBS can sustain >30% sub rev growth in 2022 despite a tough +46% comp (37% CAGR from 2018-2021),” wrote Samana in a research note.

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