On Nov 07, major Wall Street analysts update their ratings for $HubSpot (HUBS.US)$, with price targets ranging from $640 to $780.
Morgan Stanley analyst Elizabeth Porter maintains with a buy rating, and adjusts the target price from $638 to $747.
BofA Securities analyst Bradley Sills maintains with a buy rating, and sets the target price at $780.
UBS analyst Taylor McGinnis maintains with a hold rating, and adjusts the target price from $550 to $650.
Wells Fargo analyst Michael Turrin maintains with a buy rating, and adjusts the target price from $625 to $750.
TD Cowen analyst Derrick Wood maintains with a buy rating, and adjusts the target price from $600 to $680.
Furthermore, according to the comprehensive report, the opinions of $HubSpot (HUBS.US)$'s main analysts recently are as follows:
HubSpot's execution of key growth initiatives led to impressive Q3 results across various growth metrics, according to an analyst. The analysis suggests that strengths in both up-market and down-market segments were significant contributors to the company's performance.
The company delivered a solid performance in the third quarter, with a 20% increase in revenue and billings meeting investor expectations. This represented only a slight slow-down from the low-20s growth experienced in the first half of the year.
The company has delivered another quarter of solid performance across all metrics, while the management consistently demonstrates effective execution amidst a challenging environment.
HubSpot exhibited solid growth, fueled by ongoing traction in up-market and multi-hub strategies, alongside enhanced performance with its recent pricing model. Despite unchanged external purchasing conditions that persistently influence upgrade activities, the company maintains its growth trajectory.
HubSpot's performance in Q3 was largely in line with the first half of the year, and there's an anticipation of momentum building into 2025, driven by product innovation, modifications to the pricing model, and improvements in margins. HubSpot is considered part of a select group of small to mid-size companies that investors are expected to refocus on.
Here are the latest investment ratings and price targets for $HubSpot (HUBS.US)$ from 10 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.