Fly News Breaks for February 13, 2020
Feb 13, 2020 | 09:47 EDT
Needham analyst Ryan MacDonald raised his price target on HubSpot to $211 and kept his Buy rating after its Q4 earnings beat and FY20 guidance, with the company outperformed across all of its key metrics. The analyst adds that HubSpot's FY20 outlook for strong growth is driven by product innovation and its evolving partner network, which creates an "attractive opportunity" for the company to return to margin expansion in the second half of this year.
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