Piper Sandler adjusted the grade of HubSpot (NYSE:HUBS) to Neutral, maintaining a hold action with a stock price of $834.65.
HubSpot reported impressive fourth-quarter earnings, with earnings per share of $2.32 and quarterly revenue of $703 million.
Despite positive earnings, HubSpot’s first-quarter revenue guidance fell short of estimates, with expected earnings per share between $1.74 and $1.76.
On February 13, 2025, Piper Sandler adjusted the grade of HubSpot (NYSE:HUBS) to Neutral, maintaining a hold action. At the time, the stock price was $834.65. HubSpot is a leading platform company known for its marketing, sales, and customer service software. It competes with companies like Salesforce and Adobe in the customer relationship management (CRM) space.
HubSpot recently reported impressive fourth-quarter earnings, surpassing expectations with earnings per share of $2.32, compared to the analysts’ consensus estimate of $2.19. The company’s quarterly revenue also exceeded forecasts, reaching $703 million against the anticipated $673 million. CEO Yamini Rangan emphasized HubSpot’s leadership and the transformative impact of AI integration across its products and platform.
Analysts, including Oppenheimer’s Ken Wong, responded by adjusting their price targets for HubSpot, with Wong maintaining an Outperform rating and raising the price target. The stock for HUBS is currently priced at $827.28, experiencing a significant increase of 5.32%, which translates to a rise of $41.78. Today, the stock has fluctuated between a low of $821.62 and a high of $881.13.
HubSpot’s market capitalization stands at approximately $42.71 billion, and the trading volume for the day is 727,311 shares. Over the past year, the stock has seen a low of $434.84, with today’s high of $881.13 marking its highest price over the past year.