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RBC downgrades HubSpot on slowing growth in Americas

Published 04/23/2018, 03:11 PM
© Reuters.  RBC downgrades HubSpot on slowing growth in Americas
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  • RBC downgrades HubSpot (NYSE:HUBS) from Outperform to Sector Perform but raises the price target from $104 to $119, a 5% upside to Friday’s close.
  • The firm cites calls HubSpot the “lowest hanging fruit of the first product cycle” picked thanks to slowing growth in the Americas.
  • RBC says HubSpot might perform Q1 results that beat estimates and includes a guidance boost, but the firm finds it hard to see how U.S. growth can “re-accelerate from here with the existing product set.”
  • Source: Bloomberg First Word
  • HubSpot shares are down 3.4% to $109.70.
  • Now read: Microsoft (NASDAQ:MSFT) Earnings Preview


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