On August 7, HubSpot rose 5.08% in regular trading, trading at approximately $213.12 per share, with turnover of $174 million. The stock experienced a technical rebound following the prior session's over 24% plunge triggered by a lowered full-year revenue guidance and multiple analyst downgrades.
The company reported Q2 adjusted EPS of $3.26, beating the consensus estimate of $3.02 by nearly 8%, while revenue of $911.7 million also topped the $898 million expectation. However, full-year revenue guidance was trimmed to $3.68-3.69 billion from $3.70-3.71 billion, citing heightened customer budget scrutiny and extended sales cycles. Morgan Stanley noted AI-led reacceleration is now pushed beyond the current fiscal year.
Several firms cut ratings, including Bernstein downgrading to Market Perform with a target slashed from $381 to $220, and BMO cutting to Market Perform with a $215 target. Despite these downgrades, the FactSet consensus rating remains Overweight with a mean target price of approximately $239, well above the current trading level, providing support for bargain-hunting buyers after the sharp decline.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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