J.P. Morgan cuts HubSpot rating on 'uncertain' revenue growth recovery
HUBS•J.P. Morgan downgraded HubSpot to neutral from overweight and cut its price target to $240 from $268, citing an uncertain timeline for revenue growth recovery.
1. Rating and target cut
J.P. Morgan said it does not expect investor interest to re-ignite and drive a meaningful re-rating until there are clear signs that the growth slowdown is bottoming out. The new $240 price target compares with a $250 median target among brokerages tracked by LSEG.
