HubSpot Remains a Favorite Among US Software Stocks
The market penetration of the products is still below 10%
The revenue opportunity is expected to grow from $79 billion to $128 billion by 2029
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HubSpot (HUBS) is once again an attractive buying opportunity after the 35% pullback from its all-time high, provided the breakout from the downtrend channel is successful. While analysts expect a turbulent environment for the first quarter and the first half of the year, both Jefferies and Mizuho remain optimistic with price targets of $700 each. Additionally, Raymond James pointed out a European HubSpot partner in early April that recorded a strong start in the first quarter with a growth of 40% instead of the expected 20%. The company provides...
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