🔴 HubSpot is trading 4.16% down today after Wells Fargo downgrade and broader software selloff

HubSpot is trading 4.16% down at $214.94 in pre-market following a downgrade from Wells Fargo and broader pressure on high-multiple software stocks.

• Wells Fargo downgraded the stock to Equalweight from Overweight and significantly cut its price target to $225 from $300.
• The move aligns with a broader software selloff as tech stocks face pressure from geopolitical risks, rising oil prices, and general risk-off positioning.