This Is What Whales Are Betting On HubSpot
Portfolio Pulse from Benzinga Insights
Whales have shown a predominantly bearish stance on HubSpot (NYSE:HUBS), with 87% of detected trades being bearish. The trading activity suggests a target price range of $540.0 to $660.0 for the next three months. Currently, HUBS is trading at $648.0, slightly up by 0.21%, with an anticipated earnings release in 2 days. Analyst opinions vary, with an average price target of $645.0, ranging from $600 to $710.
February 12, 2024 | 6:31 pm
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Whales' bearish bets and the upcoming earnings release could influence HubSpot's stock. Analysts have mixed views, with a slight lean towards a lower target price than the current trading price.
The bearish sentiment among significant investors, coupled with the stock's approach to an overbought condition and a diverse range of analyst price targets, suggests potential downward pressure on HUBS in the short term, especially with earnings on the horizon.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100