HubSpot Inc (HUBS) PT Lowered to $650 at KeyBanc

KeyBanc analyst Jackson Ader lowered the price target on HubSpot Inc (NYSE: HUBS) to $650.00 (from $775.00) while maintaining an Overweight rating.

The analyst commented: "Growth Stubbornly Stays at 18%, Lower Than We'd Hoped; For a stock that we received a bunch of pushback on when we initiated with an Underweight rating just last year, my have the tides turned. Where is that Tefloncoated long-term investor base when you need it? Constant currency growth was steady again at 18% in the quarter and guidance implies no signs of the "A" word (acceleration). Net-new ARR once again outgrew the overall growth rate, so simply by the math of that momentum, acceleration should be expected in 2026. It is on shakier ground, but we remain Overweight and are trimming our PT to $650 to reflect current multiple realities."

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