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Morgan Stanley raises HubSpot target

Feb. 13, 2019 10:42 AM ETHubSpot, Inc. (HUBS) StockHUBSBy: Brandy Betz, SA News Editor
  • Morgan Stanley maintains an Equal-Weight rating on HubSpot (NYSE:HUBS) but raises its target from $146 to $160 after yesterday's earnings report.
  • The firm says the report "largely mitigates investor concerns regarding a more meaningful slowdown within HubSpot’s largely SMB customer base, with management indicating healthy overall demand trends and pipeline in 2019."
  • But the firm is waiting for a better entry point before stepping off the sidelines.
  • HubSpot shares are up 2.1% to $175.61.

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