UBS increased its price target for HubSpot, Inc. (HUBS) from $250 to $290 per share. The revision follows the company's recent Analyst Day.
HubSpot unveiled a new strategy focused on Artificial Intelligence to drive measurable business outcomes. The platform will leverage context-aware AI and connected customer data across marketing, sales, and service departments.
Needham also reiterated its positive outlook on the company. Analysts cited HubSpot's product updates and its strategy for adapting to the increasing use of AI bots.