HubSpot to cut 7% of workforce in restructuring plan

Jefferies on HubSpot Inc (HUBS) Announcement: 'necessary given the slowdown in growth'

Jefferies analyst Samad Samana reiterated a Buy rating and $250.00 price target on HubSpot Inc (NYSE: HUBS).

The analyst comments "This morning, HUBS filed an 8-K disclosing a ~7% RIF (~660 employees). HUBS expects to incur related charges of $65-75M. Based on the median... More

Canaccord: 'we think HUBS is clearly pricing in a permanently impaired growth outlook'

Canaccord analyst David Hynes reiterated a Buy rating and $300.00 price target on HubSpot Inc (NYSE: HUBS).

The analyst comments "

Just a couple of weeks after an Analyst Day in which management emphasized driving operating leverage in the face of slower growth, HubSpot is cutting ~7% of its workforce. Even so, management framed this more as a reorganization than a cost program. Product teams will now be organized around customer outcomes instead of Hubs, management layers are coming out, and freed-up resources are being redeployed. Role eliminations should be largely... More

RBC Capital on HubSpot Inc (HUBS): 'this is not the first time HubSpot has undergone a RIF of this magnitude'

RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and $300.00 price target on HubSpot Inc (NYSE: HUBS).

The analyst comments "Stepping back, we see the reorganization as a logical next step in HubSpot's shift toward a strategy focused on delivering AI- enabled... More

Stifel on HubSpot Inc (HUBS) amid workforce cuts and restructuring: 'we expect pricing will remain a key focus around the story'

Stifel analyst J. Parker Lane reiterated a Hold rating and $225.00 price target on HubSpot Inc (NYSE: HUBS).

The analyst comments "HubSpot announced a 7% workforce reduction (~660 employees) and reaffirmed its 3Q and 2026 guidance before the market open on Tuesday. Management stated that the... More