Hubspot: Needham Ups Target to ; BTIG Awaiting Signs of Expansion

By Tiernan Ray Shares of Hubspot (HUBS), the hot marketing startup, are up 80 cents, or 1.4%, at $57.55, after the company yesterday held its analyst meeting for the year, prompting some upbeat thoughts from the Street. Needham & Co.’s Scott Berg, who has a Buy on the stock, was at the meeting, and he raises his price target today to $65 from $60, noting the most important financial tidbits were that the company predicted it will have non-GAAP profit in Q4 — current consensus is for a non-GAAP loss of 20 cents. The other big item, writes Berg, was the company predicting that they’ll be cash-flow positive in 2017. Berg writes of these goals, “We expect much of this incremental margin expansion will come from S&M leverage, driving towards a…


Link to Full Article: Hubspot: Needham Ups Target to ; BTIG Awaiting Signs of Expansion

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