HubSpot's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected significant options trading activity for HubSpot (NYSE:HUBS), with over 11 trades amounting to $381,840. The trading suggests a price target range of $550.0 to $720.0 for the next three months. Notable options activity includes both bullish and bearish sentiments, with a mix of PUT sweeps and trades. HubSpot, a provider of cloud-based marketing, sales, and customer service software, has seen its stock price at $623.33 with an upcoming earnings announcement in 34 days. An analyst from Keybanc downgraded HubSpot to Underweight with a price target of $520.
March 28, 2024 | 7:30 pm
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NEUTRAL IMPACT
HubSpot's significant options trading activity suggests a bullish sentiment among investors, with a price target range of $550 to $720. However, a downgrade by Keybanc to Underweight with a target of $520 indicates mixed opinions.
The significant options trading activity on HubSpot indicates investor interest and potential bullish sentiment in the short term, especially with the target range being above the current stock price. However, the downgrade by Keybanc to Underweight and setting a price target below the current stock price introduces a bearish outlook. The mixed signals from options activity and analyst ratings make the short-term impact on HUBS's stock price uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100