BUZZ-HubSpot shares hit record high after Q4 results beat estimates

Reuters
02-14
BUZZ-<a href="https://laohu8.com/S/HUBS">HubSpot</a> shares hit record high after Q4 results beat estimates

** Shares of HubSpot HUBS.N rise up 5.6% at $827.21, hitting a record high on Thurs, following the marketing software firm's quarterly results that beat analyst expectations

** HUBS pared gains after hitting intra-day high of $881.13. It is also on track for biggest daily pct gain since Nov

** After the closing bell on Wed, HUBS reported EPS of $2.32 vs 2.19 estimated by Wall Street analysts; rev rose ~21% to $703.17 mln vs street estimate of $673.32 mln, per LSEG data

** Multiple analysts, including from Oppenheimer, JPMorgan, Barclays, Wells Fargo, Stifel, Morgan Stanley, raised their PT for HUBS following the result

** Among the 30 analysts cover HUBS, their avg rating is "BUY" and median PT is $900, up from $750 a month ago

** HUBS is up ~12.7% YTD with today's move vs ~3% gain in the Nasdaq .IXIC in the same period; Co gained 20% in 2024

(Reporting by Chibuike Oguh in New York)

((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))

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