最新ニュース HubSpot (NYSE:HUBS) 株価情報

HubSpot

HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.

HubSpot Inc

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Shares of software, cybersecurity, and cloud companies are trading higher in possible sympathy with Snowflake, which saw gains after the company reported better-than-expected Q3 financial results and raised its FY25 product revenue guidance.

U.S. stocks settled higher on Friday, with the Dow Jones and S&amp;P 500 recording their best week in the year following the election of Donald Trump as the 47th U.S. president.
The S&amp;P 500 surged 4.66% last week, while the Dow gained 4.61% during that period, with both indices recording their best week since Nov. 2023. The Nasdaq, meanwhile, jumped 5.74% during the week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Richard Davis
<ul>
<li>Analyst Firm: Canaccord Genuity</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Buy rating on HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) and raised the price target from $600 to $710 on Nov. 7. This analyst sees around 8% upside in the stock.</li>
<li>Recent News: On Nov. 6, HubSpot reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Hold rating on Diodes Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) and cut the price target from $69 to $62 on Nov. 8. This analyst sees around 3% downside in the stock.</li>
<li>Recent News: On Nov. 7, Diodes posted better-than-expected quarterly earnings.</li>
</ul>
Analyst: Brent Thielman
<ul>
<li>Analyst Firm: DA Davidson</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on AAON, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAON#NASDAQ">AAON</a>) and raised the price target from $102 to $150 on Nov. 8. This analyst sees around 9% upside in the stock.</li>
<li>Recent News: On Nov. 7, AAON reported better-than-expected third-quarter financial results.</li>
</ul>
Analyst: Alexander Paris
<ul>
<li>Analyst Firm: Barrington Research</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Outperform rating on H&amp;R Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) with a price target of $70 on Nov. 8. This analyst sees around 18% surge in the stock.</li>
<li>Recent News: On Nov. 7, H&amp;R Block posted upbeat results for the first quarter.</li>
</ul>
Analyst: Lloyd Walmsley
<ul>
<li>Analyst Firm: UBS</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) and cut the price target from $52 to $46 on Nov. 8. This analyst sees around 58% upside in the stock.</li>
<li>Recent News: On Nov. 7, Pinterest reported worse-than-expected third-quarter EPS results.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41847971/jim-cramer-this-tech-stock-is-a-buy-sofi-technologies-is-good">Jim Cramer: This Tech Stock Is A Buy, SoFi Technologies Is Good</a></li>
</ul>

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This Analyst With 86% Accuracy Rate Sees More Than 58% Upside In Pinterest - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Barclays analyst Ryan Macwilliams maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Equal-Weight and raises the price target from $500 to $650.

Barclays Maintains Equal-Weight on HubSpot, Raises Price Target to $650

Truist Securities analyst Terry Tillman reiterates HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Buy and raises the price target from $600 to $750.

Reiteration

Truist Securities Reiterates Buy on HubSpot, Raises Price Target to $750

Needham analyst Joshua Reilly reiterates HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Buy and maintains $730 price target.

Needham Reiterates Buy on HubSpot, Maintains $730 Price Target

Oppenheimer analyst Ken Wong maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and raises the price target from $625 to $740.

Oppenheimer Maintains Outperform on HubSpot, Raises Price Target to $740

Canaccord Genuity analyst Richard Davis maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Buy and raises the price target from $600 to $710.

Canaccord Genuity Maintains Buy on HubSpot, Raises Price Target to $710

BMO Capital analyst Keith Bachman maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and raises the price target from $570 to $690.

BMO Capital Maintains Outperform on HubSpot, Raises Price Target to $690

JP Morgan analyst Mark Murphy maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Overweight and raises the price target from $560 to $635.

JP Morgan Maintains Overweight on HubSpot, Raises Price Target to $635

RBC Capital analyst Rishi Jaluria maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and raises the price target from $700 to $750.

RBC Capital Maintains Outperform on HubSpot, Raises Price Target to $750

Goldman Sachs analyst Gabriela Borges maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Buy and raises the price target from $626 to $690.

Goldman Sachs Maintains Buy on HubSpot, Raises Price Target to $690

UBS analyst Taylor McGinnis maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Neutral and raises the price target from $550 to $650.

UBS Maintains Neutral on HubSpot, Raises Price Target to $650

U.S. stocks were higher, with the Nasdaq Composite gaining around 200 points on Thursday.
Shares of HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) rose sharply during Thursday's session after the company reported better-than-expected third-quarter financial results and issued FY24 <a href="https://www.benzinga.com/news/earnings/24/11/41790530/hubspot-shares-climb-after-strong-q3-results-eps-beat-revenues-beat">guidance above estimates</a>.
HubSpot reported quarterly earnings of $2.22 per share, which beat the analyst consensus estimate of $1.91. Quarterly revenue clocked in at $669.7 million which beat the analyst consensus estimate of $646.9 million and is an increase over sales of $557.55 million from the same period last year.
HubSpot shares jumped 7.9% to $645.11 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares jumped 47% to $247.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) surged 39% to $48.57 following third-quarter earnings.</li>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) gained 34.8% to $12.40 after the company announced it evaluated the safety and efficacy of its new clinical trial of Brincidofovir in treating Mpox across Africa. PANTHER will conduct a clinical trial under The Leadership of Africa Centres for Disease Control and Prevention.</li>
<li>FARO Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) gained 32.8% to $25.07 following third-quarter results.</li>
<li>Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) gained 32.7% to $11.61 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) gained 28.2% to $18.46 after the company reported better-than-expected quarterly financial results.</li>
<li>Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) jumped 26.2% to $16.51 following upbeat quarterly results.</li>
<li>Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) jumped 26.2% to $20.25 following strong quarterly results.</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) gained 22.4% to $68.66 after the company reported better-than-expected quarterly financial results.</li>
<li>IonQ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) rose 21.4% to $19.98 following third-quarter results.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) gained 20.9% to $34.56 following better-than-expected quarterly earnings.</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) gained 17% to $8.32 following upbeat earnings.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) rose 16% to $120.80 following stronger-than-expected quarterly earnings.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) gained 15.5% to $29.20 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Kyndryl Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) gained 15.3% to $27.81 after reporting upbeat quarterly results.</li>
<li>Warner Bros. Discovery, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NYSE">WBD</a>) surged 14.7% to $9.61 following third-quarter earnings.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) gained 13.7% to $230.60 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.</li>
<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) rose 10.4% to $606.61 as the company reported better-than-expected second-quarter financial results.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) gained 9.7% to $16.95.</li>
<li>The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) gained 6.6% to $67.46.</li>
<li>Arm Holdings plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NYSE">ARM</a>) gained 5.4% to $152.43 following second-quarter results.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41806634/jim-cramer-recommends-buying-this-utilities-stock-says-no-to-xp"> </a>
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HubSpot Posts Better-Than-Expected Results, Joins Under Armour, Lyft, Wolverine World Wide, Zillow And Other Big Stocks Moving Higher On Thursday

Wells Fargo analyst Michael Turrin maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Overweight and raises the price target from $625 to $750.

Wells Fargo Maintains Overweight on HubSpot, Raises Price Target to $750

Evercore ISI Group analyst Kirk Materne maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a In-Line and raises the price target from $610 to $700.

Evercore ISI Group Maintains In-Line on HubSpot, Raises Price Target to $700

HubSpot shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 guidance above estimates.

10 analysts have expressed a variety of opinions on HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for HubSpot, revealing an average target of $650.0, a high estimate of $730.00, and a low estimate of $570.00. Surpassing the previous average price target of $634.50, the current average has increased by 2.44%.
<img src="https://www.benzinga.com/files/images/story/2024/1730980819_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive HubSpot. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$640.00</td>
<td>$570.00</td>
</tr>
<tr>
<td>Kirk Materne</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$610.00</td>
<td>$550.00</td>
</tr>
<tr>
<td>Joshua Reilly</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$730.00</td>
<td>$730.00</td>
</tr>
<tr>
<td>Parker Lane</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$625.00</td>
<td>$600.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$700.00</td>
<td>$700.00</td>
</tr>
<tr>
<td>Ken Wong</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$625.00</td>
<td>$625.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$570.00</td>
<td>$570.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$700.00</td>
<td>$700.00</td>
</tr>
<tr>
<td>Joshua Reilly</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$730.00</td>
<td>$730.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$570.00</td>
<td>$570.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to HubSpot. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of HubSpot compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of HubSpot's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into HubSpot's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HUBS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on HubSpot analyst ratings.</a>
<h2>Get to Know HubSpot Better</h2>
HubSpot provides a cloud-based marketing, sales, and customer service software platform referred to as the growth platform. The applications are available ala carte or packaged together. HubSpot's mission is to help companies grow better and has expanded from its initial focus on inbound marketing to embrace marketing, sales, and service more broadly. The company was founded in 2006, completed its initial public offering in 2014, and is headquartered in Cambridge, Massachusetts.
<h3>Financial Insights: HubSpot</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: HubSpot's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 20.43%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: HubSpot's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -2.27%, the company may face hurdles in effective cost management.
Return on Equity (ROE): HubSpot's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.95%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): HubSpot's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.44%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: HubSpot's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing HubSpot: Insights From 10 Financial Analysts

Piper Sandler analyst Brent Bracelin downgrades HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) from Overweight to Neutral and raises the price target from $570 to $640.

Downgrades

Piper Sandler Downgrades HubSpot to Neutral, Raises Price Target to $640

HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) shares are trading higher after the company reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/11/b41786604/hubspot-reports-q3-2024-results">details from the report. </a>
The Details: HubSpot reported quarterly earnings of $2.22 per share, which beat the analyst consensus estimate of $1.91. Quarterly revenue clocked in at $669.7 million which beat the analyst consensus estimate of $646.9 million and is an increase over sales of $557.55 million from the same period last year.
<ul>
<li>Subscription revenue was $654.7 million, up 20% year-over-year. </li>
<li>Professional services and other revenue was $15 million, up 28% year-over-year.</li>
<li>Customers grew to 238,128 at Sept. 30, 2024, up 23% from the prior year&#8217;s quarter.</li>
<li>Average Subscription Revenue Per Customer was $11,235 during the third quarter. </li>
</ul>
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&#8220;[The] third quarter was another strong quarter of revenue growth, operating profit growth and customer growth,&#8221; said Yamini Rangan, CEO at HubSpot.
&#8220;We hosted our annual INBOUND conference which was a huge success, showcasing over 200 new innovations, including the standout launches of Breeze and Breeze Intelligence. We are embedding AI across all our hubs and our entire platform to help SMBs grow. With our relentless focus on innovation with AI and solid momentum in the third quarter, I&#8217;m more confident than ever in HubSpot&#8217;s durable growth,&#8221; Rangan added.
Outlook: HubSpot sees fourth-quarter total revenue in the range of $672 million to $674 million and expects foreign exchange rates to have a one-point tailwind to fourth-quarter 2024 revenue growth. The company sees full-year 2024 total revenue in the range of $2.597 billion to $2.599 billion.
HUBS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, HubSpot shares are up 7.90% after-hours at $645 after gaining 3.37% during Wednesday&#8217;s regular trading session.
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
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Photo: Courtesy of HubSpot, Inc.

Earnings

After-Hours Center

HubSpot Shares Climb After Strong Q3 Results: EPS Beat, Revenues Beat

Guidance

HubSpot Sees FY24 Revenue $2.597B-$2.599B Vs $2.573B Estimate; Sees Adj. EPS $7.98-$8.00 Vs $7.72 Estimate

Truist analyst Terry Tillman raised the firm's price target on HubSpot (HUBS) to $750 from $600 and keeps a Buy rating on the shares. The company's...

HubSpot price target raised to $750 from $600 at Truist

Zeta dips but analysts remain bullish after 'strong' Q3, initial 'conservative' 2025 outlook

Argus raised the firm's price target on HubSpot (HUBS) to $835 from $720 and keeps a Buy rating on the shares after its Q3 earnings beat last week....

HubSpot price target raised to $835 from $720 at Argus

Argus Research analyst Joseph Bonner maintained a Buy rating on HubSpot (HUBS – Research Report) yesterday and set a price target of $835.00. Josep...

HubSpot's Strong Financial Performance and Strategic Initiatives Drive Buy Rating

HubSpot Has Hit Frothy Levels, Time To Sell (Rating Downgrade)

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HubSpot (HUBS) reported strong financial results in the recently reported quarter, beating analysts' estimates easily. While HUBS' diverse portfolio, strategic acquisitions, and technological innovation position it for success, its elevated valuation and market competition present lingering risks that could hinder its growth. So, should you buy this stock after its earnings release? Read more to find out... HubSpot, Inc. (<a href="https://stocknews.com/stock/HUBS/">HUBS</a>) is a leader in marketing software. It provides a cloud-based customer relationship management (CRM) platform for businesses. The company recently reported strong financial results, beating the analysts' expectations and matching its guidance. Its strong earnings and revenue growth have positioned it as a compelling investment option.
HUBS' stock has been on a growth rally this year, attracting investors for a long-term run. The stock has gained 21.6% over the past month and 44.6% over the past year to close the last trading session at $677.07.
Further, the company stands to outperform in the coming periods with the rapid evolution in digital technologies, especially AI, which HUBS is increasingly incorporating into its operations. Also, with the rising prevalence of social media, online platforms, and other digital channels, HubSpot's growth opportunities are endless.
During the third quarter, HubSpot acquired Cacheflow, resulting in domain expertise in billing and CPQ. Also, the company introduced Breeze and Breeze Intelligence, its newest innovations for powering the customers platform. The company is making strong strides in expanding its operations in the segment and firming its market position even further.
Let's look at factors that could influence HUBS' performance in the upcoming months.
Positive Recent Developments
On October 30, HUBS successfully completed the acquisition of Cacheflow, a leading B2B Billing Management and CPQ Solution. Now, Cacheflow is a wholly owned subsidiary of HubSpot and will be integrated as an offering within Commerce Hub over time.
With this strategic acquisition, HUBS will gain domain expertise in billing and CPQ. This will enable the company to build these critical features directly into Commerce Hub, providing its customers with an experience that automates revenue management and shortens the sales cycle.
On September 18, HUBS introduced Breeze, an embedded AI with a new Copilot and four Breeze agents to power the customer platform. It includes over 80 more features embedded across the platform, from remixing content to predicting sales forecasts.
The company also launched Breeze Intelligence offering data enrichment, Buyer intent, and Form shortening to increase conversion. HUBS also announced updates to Marketing Hub and Content Hub, giving marketers new tools for growth.
On the same date, HUBS and Amplitude, Inc. (AMPL), a leading digital analytics platform, announced a global strategic partnership to help Go To Market (GTM) teams close more deals. This strategic partnership will enable GTM teams to automatically prioritize leads, improve sales conversion, and retain more customers.
Stable Financials
For the third quarter that ended September 30, 2024, HUBS reported total revenue of $669.72 million, up 20.1% from the prior year's quarter. Its gross profit for the quarter grew 20.9% from the year-ago value to $570.40 million. The company's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $116.60 million and $2.18 per share, reflecting growth of 37.3% and 34.6% year-over-year, respectively.
Furthermore, the company's non-GAAP free cash flow increased 99.6% year-over-year to $129.23 million. Also, HUBS' total assets stood at $3.56 billion as of September 30, 2024, compared to $3.07 billion as of December 31, 2023.
The company issued its guidance for the fourth quarter, anticipating total revenue between $672 and $674 million. It also expects non-GAAP operating income to range from $128 million to $129 million and non-GAAP net income per common share to be $2.18 to $2.20.
For the full year 2024, the company's total revenue is expected to be $2.597 billion to $2.599 billion. HUBS' non-GAAP operating income is set at $455 million - $456 million. Non-GAAP net income per common share is projected to be in the range of $7.98 to $8.00.
Impressive Historical Growth
HUBS' revenue grew at a CAGR of 28.4% over the past three years. Its tangible book value increased at a CAGR of 23.9% over the same period, while the company's total assets and levered free cash flow grew at respective CAGRs of 19.9% and 32.2% over the same time frame.
Favorable Analyst Estimates
Analysts expect HUBS' revenue for the fourth quarter (ending December 2024) to come in at $673.68 million, indicating an increase of 15.8% year-over-year, and its consensus EPS estimate of $2.20 for the same period indicates a 24.8% improvement year-over-year. Moreover, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters, which is remarkable.
For the fiscal year (ending December 2024), the company's EPS is anticipated to grow 35.8% year-over-year to $8, while its revenue is expected to increase 19.7% year-over-year to $2.60 billion. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 15.8% and 14.2% from the prior year to $3.01 billion and $9.14, respectively.
Elevated Valuation
In terms of forward non-GAAP P/E, HUBS is currently trading at 84.62x, 249% higher than the industry average of 24.25x. Likewise, the stock's forward EV/Sales and EV/EBITDA of 13x and 62.24x are significantly higher than the industry average of 3.01x and 14.83x, respectively.
Furthermore, the stock's forward Price/Sales and Price/Book of 13.45x and 18.61x are 348.6% and 334.3% higher than the industry averages of 3x and 4.29x, respectively.
POWR Ratings Reflect Uncertainty
HUBS' mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. HUBS has a B grade for Sentiment, which is consistent with its optimistic analyst estimates.
However, the stock has a D grade for Value, consistent with its higher-than-industry valuation.
HUBS is ranked #22 among the 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what I have stated above, we have also given HUBS grades for Growth, Stability, Momentum, and Quality. Get access to all the HUBS ratings <a href="https://stocknews.com/stock/HUBS/">here</a>.
Bottom Line
HUBS reported solid financial results in the last reported quarter. The company has a strong presence in the software market, offering a wide of services to its customers. It also continues to expand its operations through innovative solutions and strategic acquisitions, which are contributing to strengthening its market position.
However, owing to its elevated valuation and rigid market competition, it could be wise to wait for a better entry into this stock.
Stocks to Consider Instead of HubSpot, Inc. (HUBS)
Given its near-term uncertain prospects, the odds of HUBS outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry instead:
SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>), RingCentral Inc. Cl A (<a href="https://stocknews.com/stock/RNG/">RNG</a>), and VMware Inc. (<a href="https://stocknews.com/stock/VMW/">VMW</a>)
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
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&nbsp;

<hr />
HUBS shares were trading at $668.28 per share on Monday afternoon, down $8.79 (-1.30%). Year-to-date, HUBS has gained 15.11%, versus a 24.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hubs-swi-rng-vmw-hubspots-growth-trajectory-is-hubs-a-smart-investment-now/>HubSpot's Growth Trajectory: Is HUBS a Smart Investment Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

HubSpot's Growth Trajectory: Is HUBS a Smart Investment Now?

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Press Releases

Similarweb Appoints Hubspot CMO Kipp Bodnar to Board of Directors

HubSpot to Host Analyst Day at INBOUND on September 18, 2024

HubSpot and Amplitude Join Forces to Bolster Product-led Growth

HubSpot Launches New AI, Breeze, Plus Hundreds of Product Updates at INBOUND 2024

Four years a Leader: HubSpot named a Leader in the Gartner® Magic Quadrant™ for B2B Marketing Automation Platforms

HubSpot to Acquire B2B Billing Management and CPQ Solution, Cacheflow

HubSpot to Announce Third Quarter 2024 Financial Results on November 6, 2024

HubSpot Completes Acquisition of B2B Billing Management and CPQ Solution, Cacheflow

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