Rosenblatt Reiterates Buy on HubSpot (HUBS) Ahead of 3Q Report

October 5, 2016 9:13 AM EDT
Get Alerts HUBS Hot Sheet
Price: $50.25 +0.30%

Rating Summary:
    15 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade HUBS Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Rosenblatt reiterated a Buy rating and $67.00 price target on HubSpot Inc (NYSE: HUBS) ahead of the company's 3Q earnings report. Billings is one area that could be impacted from a strong 3Q15 and by the switch in Inbound dates. ARPU growth should be 15% or higher for the quarter as contact counts rise, more URL subscriptions and improved add-on sales.

Analyst Kirk Adams commented, "Hubspot reports 3Q16 earnings later this month and our research shows that business remains good in the partner channel and we expect that the report will be inline to slightly better on revenues and earnings. The company’s guided numbers are for revenue to be between $67.2M and $68.2M and non-GAAP earnings to be a loss of ($0.14) – ($0.12)."

For an analyst ratings summary and ratings history on HubSpot Inc click here. For more ratings news on HubSpot Inc click here.

Shares of HubSpot Inc closed at $57.55 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

UBS, Earnings, Rosenblatt

Add Your Comment