RBC Capital analyst Alex Zukin raised his price target on HubSpot to $215 and kept his Outperform rating ahead of its Q4 earnings next month, saying his end-of-quarter discussions with the company's partners suggest that it has likely met or exceeded its internal goals, albeit with some late quarter discounting and "greater up-market emphasis". The analyst adds that the commentary around HubSpot's Q1 pipeline, as well as its prospects for 2020, appear to be "generally bullish". Zukin further notes that HubSpot's premium enterprise value to expected 2021 revenue is warranted by its relatively higher growth prospects.