HubSpot's Q4 Earnings Report Drives Stock Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2024
0mins
Should l Buy HUBS?
HubSpot Inc (HUBS) shares surged 17.1% following a strong Q4 earnings report, reaching a 5-day high.
The company's Q4 revenue reached $846.7 million, a 20% year-over-year increase, surpassing analysts' expectations of $830 million. Additionally, HubSpot reported an adjusted EPS of $3.10, up 28%, and a customer count of 288,706, reflecting a 16% increase year-over-year. The positive outlook for Q1 revenue, projected at $862.5 million, further fueled investor confidence.
This strong performance indicates a recovery in market sentiment towards HubSpot, despite previous declines in stock price. The robust earnings and growth projections suggest a promising future for the company.
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Analyst Views on HUBS
Wall Street analysts forecast HUBS stock price to rise
27 Analyst Rating
24 Buy
3 Hold
0 Sell
Strong Buy
Current: 247.310
Low
450.00
Averages
582.08
High
800.00
Current: 247.310
Low
450.00
Averages
582.08
High
800.00
About HUBS
HubSpot, Inc. provides a customer platform that helps businesses connect and grow better. The Company delivers seamless connection for customer-facing teams with a unified platform that includes artificial intelligence (AI)-powered engagement hubs, a Smart CRM, and a connected ecosystem with over 1,700 app marketplace integrations, a community network, and educational content. Its AI-powered engagement hubs include Marketing, Sales, Service, Operations, Content, and Commerce, as well as other tools and integrations that enable companies to attract, engage, and delight customers throughout the customer lifecycle. Its customer platform features a central database of lead and customer interactions, and integrated applications designed to help businesses attract visitors to their websites, convert visitors into leads, close leads into customers, transact with those customers, and delight them so they become promoters of those businesses. Breeze is its AI that powers the customer platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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