What's Going On With HubSpot Stock?
Portfolio Pulse from Nabaparna Bhattacharya
HubSpot, Inc. (NYSE:HUBS) shares are trading higher, outperforming the S&P 500 and NASDAQ with a 13.4% return over the last month. The company is set to report Q4 and full year 2023 financial results on February 14, 2024, with an EPS street view of $1.54. Barclays analyst Ryan Macwilliams raised the price target to $600. HubSpot introduced a new pricing model and joined the EU Cloud Code of Conduct. Q4 revenue is expected between $556 million and $558 million, with full-year revenue projected between $2.144 billion and $2.146 billion. Adjusted earnings per share for Q4 are estimated at $1.53 to $1.55, and full-year at $5.66 to $5.68. HubSpot's peers Adobe, Salesforce, SAP, and Intuit also saw stock increases over the last month.
January 30, 2024 | 6:56 pm
News sentiment analysis
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NEUTRAL IMPACT
Adobe Inc. experienced a 7.31% stock increase over the last month, which may be influenced by the overall positive performance of the software sector, as indicated by HubSpot's strong returns.
While Adobe's stock increase is notable, the direct impact from HubSpot's news is likely minimal. However, sector-wide trends and investor sentiment in the software industry could have an indirect effect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Salesforce, Inc. saw a 12.4% increase in its stock over the last month, potentially benefiting from the same sector momentum as HubSpot, which could be further influenced by HubSpot's positive developments.
Salesforce's stock performance is strong, but the impact from HubSpot's news is not direct. The overall health of the software sector, as seen with HubSpot, may contribute to investor sentiment towards Salesforce.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Intuit Inc. saw a 7.5% rise in its stock over the last month, which could be indirectly related to the positive performance of software companies like HubSpot.
Intuit's stock increase is part of the sector's positive trend, but there is no direct correlation to HubSpot's news. The general market sentiment towards software companies could be a contributing factor.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
SAP experienced an 18.3% increase in stock over the last month, which may be part of the broader positive trend in the software industry, as evidenced by HubSpot's recent success.
SAP's significant stock increase may be influenced by the same positive sentiment affecting the software sector, including HubSpot's performance, although the direct impact of HubSpot's news on SAP is likely limited.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
HubSpot's stock is trading higher due to positive anticipation of its upcoming Q4 and full year 2023 financial results, a new pricing model, and its commitment to GDPR compliance through the EU Cloud Code of Conduct membership.
The positive momentum in HubSpot's stock price is likely due to the anticipation of strong Q4 and full year earnings, as well as strategic moves like the new pricing model and EU Cloud Code of Conduct membership, which may boost investor confidence in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100