HubSpot Inc HUBS posted upbeat results for its third quarter.
Revenue came in at $557.6 million beating estimates of $534.11 million. The company posted EPS of $1.59 versus estimates of $1.24.
HubSpot expects fourth-quarter revenue to be between $556 million and $558 million. Full-year revenue is expected to be in the range of $2.144 billion and $2.146 billion.
HubSpot shares fell 5% to trade at $419.85 on Thursday.
These analysts made changes to their price targets on HubSpot following earnings announcement.
- Raymond James lowered the price target on HubSpot from $520 to $510. Raymond James analyst Brian Peterson maintained an Outperform rating.
- Morgan Stanley slashed the price target on HubSpot from $568 to $539. Morgan Stanley analyst Keith Weiss maintained an Overweight rating.
- Piper Sandler analyst Brent Bracelin, meanwhile, reiterated with a Neutral and maintained a $515 price target.
- RBC Capital analyst Rishi Jaluria reiterated HubSpot with an Outperform and maintained a $625 price target.
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