Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - KeyBanc has lowered its price target on HubSpot Inc (NYSE:HUBS) to $775.00 from $860.00 while maintaining an Overweight rating on the stock. With HubSpot currently trading at $497.55, InvestingPro data shows the stock has declined 36% over the past six months, though analysts maintain a strong buy consensus with targets ranging from $593 to $910.
The adjustment comes despite HubSpot reporting better-than-expected constant currency results, exceeding estimates by 2%, and raising its full-year guidance by 1%. While the stock has underperformed the IGV index by 15% since July, InvestingPro analysis reveals impressive gross profit margins of 84.55% and strong revenue growth of 19% year-over-year.
HubSpot demonstrated resilience against AI disruption concerns, with net-new customers exceeding expectations. The company has been diversifying its lead generation away from inbound search, with CEO Yamini Rangan noting that only 10% of leads now come from the HubSpot blog, while podcasts, social media, and YouTube have become primary drivers.
KeyBanc highlighted that HubSpot is developing tools to help its customers optimize for AI answers, with announcements expected at the company’s Inbound conference in September 2025. The firm characterized HubSpot’s financial performance as solid, delivering an expected beat while maintaining prudent guidance.
The price target reduction reflects current market conditions, where KeyBanc observed that prudent guidance isn’t being rewarded as strongly as more aggressive forecasts this quarter.
In other recent news, HubSpot Inc reported a strong second quarter, with revenue exceeding expectations by 300 basis points, as noted by Needham, which reiterated its Buy rating with a price target of $900. Wolfe Research also maintained its Outperform rating, highlighting HubSpot’s revenue of $761 million, a 19% year-over-year growth, and an operating income of $129 million, both surpassing forecasts. Piper Sandler upgraded HubSpot from Neutral to Overweight, raising its price target to $675 following a $22 million revenue beat. Despite these positive earnings results, BMO Capital lowered its price target to $600, citing solid quarterly performance but acknowledging challenges in the application software sector. Similarly, UBS reduced its price target to $700 due to valuation concerns, referencing a 25% decline in HubSpot shares since mid-May amid broader market sentiment. Wolfe Research reaffirmed its bullish stance, addressing concerns about AI’s impact on search engine optimization. These developments reflect a mix of optimism and caution among analysts regarding HubSpot’s financial trajectory and market positioning.
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