Why HubSpot (HUBS) Could Be Positioned for a Surge
HubSpot, Inc. HUBS is a provider of cloud-based inbound marketing, sales and customer service platform that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HUBS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HubSpot could be a solid choice for investors.
Current Quarter Estimates for HUBS
In the past 30 days, seven estimates have gone higher for HubSpot while two have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 22 cents a share 30 days ago, to 24 cents today, a move of 9.1%.
Current Year Estimates for HUBS
Meanwhile, HubSpot’s current year figures are also looking quite promising, with 12 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, moving from $1.29 per share 30 days ago to $1.40 per share today, an increase of 8.5%.
HubSpot, Inc. Price and Consensus
The stock has also started to move higher lately, adding 11.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.