HubSpot, Inc. (NYSE:HUBS) is a leading provider of software solutions for inbound marketing, sales, and customer service. The company is known for its comprehensive platform that helps businesses attract, engage, and delight customers. HubSpot competes with other major players in the software industry, such as Salesforce and Adobe.
On February 13, 2025, Ken Wong from Oppenheimer set a price target of $900 for HUBS, suggesting a potential increase of approximately 9.05% from its current price of $825.33. This optimistic outlook comes on the heels of HubSpot's impressive fourth-quarter earnings, where the company reported earnings of $2.32 per share, surpassing the consensus estimate of $2.19.
HubSpot's quarterly revenue also exceeded expectations, reaching $703 million compared to the anticipated $673 million. CEO Yamini Rangan highlighted 2024 as a transformative year for the company, with the integration of AI across their platforms enhancing customer value. Despite these strong results, the company's forecast for the first quarter of the following year is slightly below expectations.
HubSpot projects first-quarter revenue between $697 million and $699 million, falling short of the $705 million estimate. The expected earnings per share (EPS) are between $1.74 and $1.76, below the $2.00 estimate. Following the earnings announcement, HubSpot's stock saw a modest increase of 0.1%, closing at $785.50.
Analysts have responded to the earnings report by adjusting their price targets for HubSpot. Ken Wong maintained an Outperform rating on the stock and raised the price target. The stock for HUBS is currently priced at $825.13, reflecting an increase of 5.05% or $39.63. The stock has fluctuated between a low of $821.62 and a high of $881.13, marking its highest price over the past year.
