Key Highlights:
- HubSpot exceeds Q1 earnings forecasts, yet shares dip 5.8% post-market.
- Company revises full-year guidance upwards and initiates a $500 million buyback.
- Analysts maintain an optimistic outlook, suggesting substantial upside potential.
Despite delivering impressive first-quarter results, HubSpot Inc. (NYSE: HUBS) experienced a 5.8% decline in its share price during after-hours trading. The company reported adjusted earnings of $1.84 per share and revenue of $714.1 million, both of which surpassed analyst predictions. Enhancing shareholder value, HubSpot also elevated its full-year earnings and revenue forecasts, alongside revealing a $500 million stock repurchase initiative.
Optimistic Wall Street Projections
Analysts remain optimistic about HubSpot's future prospects. According to projections from 31 analysts, the average one-year price target for HubSpot stands at $756.91, with potential high and low estimates of $980.00 and $535.00, respectively. This average target price indicates an anticipated upside of 14.62% from the current stock price of $660.36. For a deeper dive into these projections, visit the HubSpot Inc (HUBS, Financial) Forecast page.
Strong "Outperform" Recommendation from Analysts
The consensus among 35 brokerage firms is notably positive, as HubSpot boasts an average brokerage recommendation of 1.8, reflecting an "Outperform" status. This rating scale, with 1 representing a Strong Buy and 5 indicating a Sell, suggests a strong sense of confidence from analysts regarding HubSpot's market position and future performance.
Analyzing HubSpot's GF Value
The estimated GF Value for HubSpot Inc., as calculated by GuruFocus, projects a one-year value of $732.91. This represents an upside potential of 10.99% from the current price of $660.36. The GF Value is a measure of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance estimates. More comprehensive insights can be accessed on the HubSpot Inc (HUBS, Financial) Summary page.
