03:26 PM EDT, 09/27/2024 (MT Newswires) -- HubSpot's ( HUBS ) customer activity picked up in the summer, and the Q3 performance was seen in line with the internal outlook, boosting prospects for the Q4 pipeline, Oppenheimer said Friday in a report, citing a top partner of the software company.

HubSpot ( HUBS ) may add 9,000 to 10,000 customers, driven by its shift to pricing based on the number of users and new sales led by partners, Oppenheimer said.

The move to user-based pricing supported HubSpot's ( HUBS ) efforts to grow its customer base, speeding up sales and expediting deal closure, faster than the usual 45 to 60 days, the report said.

Oppenheimer maintained an outperform rating with a price target of $625 for HubSpot ( HUBS ).

Shares of HubSpot ( HUBS ) were little changed in recent trading Friday.

Price: 534.70, Change: -0.18, Percent Change: -0.03