HubSpot Inc (HUBS) stock expected to rise by 19.84%: What’s driving the optimism?

A share price of HubSpot Inc [HUBS] is currently trading at $496.87, up 0.32%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HUBS shares have gain 1.50% over the last week, with a monthly amount glided 4.97%, and 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 August 08, 2024, when KeyBanc Capital Markets upgraded its rating to a Sector Weight. Previously, BMO Capital Markets reaffirmed its Outperform rating on May 09, 2024, and dropped its price target to $635. On March 21, 2024, KeyBanc Capital Markets initiated with a Underweight rating and assigned a price target of $520 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $610 on December 12, 2023. BMO Capital Markets reiterated its recommendation of a Outperform and raised its price target to $540 on November 30, 2023. CapitalOne started tracking with a Overweight rating for this stock on November 14, 2023, and assigned it a price target of $525. In a note dated October 11, 2023, Raymond James downgraded an Outperform rating on this stock and revised its target price from $600 to $520.

HubSpot Inc experienced fluctuations in its stock price throughout the past year between $407.23 and $693.85. Currently, Wall Street analysts expect the stock to reach $595.44 within the next 12 months. HubSpot Inc [NYSE: HUBS] shares were valued at $496.87 at the most recent close of the market. An investor can expect a potential return of 19.84% based on the average HUBS price forecast.

Analyzing the HUBS fundamentals

Trailing Twelve Months sales for HubSpot Inc [NYSE:HUBS] were 2.39B which represents 20.43% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.

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 492.73 points at the first support level, and at 488.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 503.23, and for the 2nd resistance point, it is at 509.58.

Ratios To Look Out For

To put it in perspective, the Current Ratio for HubSpot Inc [NYSE:HUBS] is 1.47. Further, the Quick Ratio stands at 1.47, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 10.66, the price to book ratio is 15.87.

Transactions by insiders

Recent insider trading involved Halligan Brian, Executive Chair, that happened on Aug 20 ’24 when 8500.0 shares were sold. Chief Financial Officer, Bueker Kathryn completed a deal on Aug 19 ’24 to sell 514.0 shares. Meanwhile, Officer Halligan Brian bought 8500.0 shares on Aug 20 ’24.

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