Raymond James Reiterates Outperform Rating on HubSpot Inc (HUBS)

Raymond James analyst Brian Peterson reiterated an Outperform rating and $190.00 price target on HubSpot Inc (NYSE: HUBS) as customer trends improve. Deal activity trended higher in May vs. April, while overall usage on the platform remains above pre-COVID levels. This activity is consistent with broader partner conversations, which have referenced relative stability in the customer base.

Exiting May, overall deal closures are still 10% below the pre-COVID benchmark, although overall activity improved in May vs. April. The 10% figure marks a notable improvement from the -27% figure the week of 5/18. The May average would suggest that the month was ~17% below pre-COVID levels.

For an analyst ratings summary and ratings history on HubSpot Inc click here. For more ratings news on HubSpot Inc click here.

Shares of HubSpot Inc closed at $210.16 yesterday.

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