HubSpot Reports Q2 2024 Results
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HubSpot Inc (HUBS) PT Lowered to $550 at Evercore ISI
August 8, 2024 5:02 AM EDTEvercore ISI analyst Kirk Materne lowered the price target on HubSpot Inc (NYSE: HUBS) to $550.00 (from $650.00) while maintaining a In Line rating.
The analyst comments "Bottom line: HUBS delivered solid F2Q results with total revenue coming in at $637mn, up 20% y/y (21% in cc), ahead of our/consensus forecast of $617/$619mn. Subscription revenue came in at $624mn (+20.5%), ahead of our forecast of $606mn. Billings were up ~20% in both reported and constant currency and op. margins came in ~2pts ahead of estimates at ~17%. FY24 revenue guidance was raised modestly,... More
