HubSpot Analysts Cut Their Forecasts After Q3 Results
Portfolio Pulse from Lisa Levin
HubSpot Inc (NYSE:HUBS) reported Q3 revenue of $557.6 million, beating estimates of $534.11 million, and EPS of $1.59, surpassing estimates of $1.24. However, the company's shares fell 5% to $419.85 on Thursday. Post earnings announcement, analysts from Raymond James, Morgan Stanley, Piper Sandler, and RBC Capital revised their price targets for HubSpot.
November 09, 2023 | 6:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Despite beating Q3 estimates, HubSpot's shares fell 5%. Analysts have revised their price targets for the company following the earnings announcement.
HubSpot's Q3 results exceeded estimates, which is generally a positive signal. However, the company's shares fell 5%, indicating that the market may have expected even better results or is reacting to other factors. The revised price targets by analysts suggest a reassessment of the company's future performance, which could influence the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100