Wall Street predicts HubSpot Inc (HUBS) stock to surge by 18.9%

At the time of writing, HubSpot Inc [HUBS] stock is trading at $495.76, up 4.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HUBS shares have gain 2.98% over the last week, with a monthly amount drifted -15.29%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

HubSpot Inc [NYSE: HUBS] stock has seen the most recent analyst activity on May 09, 2024, when BMO Capital Markets reiterated its Outperform rating and also revised its price target to $635 from $710. Previously, KeyBanc Capital Markets started tracking the stock with Underweight rating on March 21, 2024, and set its price target to $520. On December 12, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $610 on the stock. BMO Capital Markets reiterated its Outperform rating and increased its price target to $540 on November 30, 2023. CapitalOne initiated its recommendation with a Overweight and recommended $525 as its price target on November 14, 2023. Raymond James downgraded its rating to Outperform for this stock on October 11, 2023, and downed its price target to $520. In a note dated September 05, 2023, Citigroup initiated an Buy rating and provided a target price of $695 on this stock.

For the past year, the stock price of HubSpot Inc fluctuated between $407.23 and $693.85. Currently, Wall Street analysts expect the stock to reach $589.44 within the next 12 months. HubSpot Inc [NYSE: HUBS] shares were valued at $495.76 at the most recent close of the market. An investor can expect a potential return of 18.9% based on the average HUBS price forecast.

Analyzing the HUBS fundamentals

According to HubSpot Inc [NYSE:HUBS], the company’s sales were 2.29B for trailing twelve months, which represents an 23.08% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.1 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 477.80 points at the first support level, and at 459.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 506.86, and for the 2nd resistance point, it is at 517.96.

Ratios To Look Out For

It is important to note that HubSpot Inc [NYSE:HUBS] has a current ratio of 1.96. As well, the Quick Ratio is 1.96, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 11.05, the price to book ratio is 17.37.

Transactions by insiders

Recent insider trading involved Halligan Brian, Executive Chair, that happened on Jul 16 ’24 when 8500.0 shares were sold. Chief Technology Officer, Shah Dharmesh completed a deal on Jul 08 ’24 to sell 25000.0 shares. Meanwhile, Chief Financial Officer Bueker Kathryn sold 902.0 shares on Jul 03 ’24.

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