Analyst Rishi Jaluria maintained a "buy" rating on HubSpot on October 15th, setting a target price of $300.00. The company's stock closed at $238.91 yesterday.
Jaluria covers the technology sector, with a focus on stocks such as Intuit, Salesforce, and Workday. According to TipRanks data, the average return rate of Jaluria is -3.6%, and the success rate of its recommended stocks is 52.00%.
Currently, analysts have a consensus rating of "moderate buy" for HubSpot, with an average target price of $250.36, which indicates a potential upside of 4.79% from the current level. In a report released on October 7th, Canaccord Genuity also reiterated its "buy" rating for the stock and set a target price of $300.00.
According to the latest financial report for the quarter ending June 30th as per HubSpot, the company's revenue for that quarter was 911.74 million US dollars, with a net profit of 43.34 million US dollars. In contrast, during the same period last year, the company's revenue was 760.87 million US dollars, and the net loss calculated using GAAP was 3.26 million US dollars.
Based on the trading activities of 76 company insiders recently, the sentiment among these insiders towards the stock is positive. This indicates that, in the past quarter, there has been an increase in the number of insiders who have increased their holdings of HUBS shares compared to earlier this year.
