Fintel reports that on July 20, 2023, Goldman Sachs maintained coverage of HubSpot (NYSE:HUBS) with a Buy recommendation.

Analyst Price Forecast Suggests 6.60% Downside

As of July 6, 2023, the average one-year price target for HubSpot is 504.45. The forecasts range from a low of 282.80 to a high of $633.15. The average price target represents a decrease of 6.60% from its latest reported closing price of 540.10.

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The projected annual revenue for HubSpot is 2,102MM, an increase of 14.43%. The projected annual non-GAAP EPS is 2.89.

What is the Fund Sentiment?

There are 1286 funds or institutions reporting positions in HubSpot. This is an increase of 109 owner(s) or 9.26% in the last quarter. Average portfolio weight of all funds dedicated to HUBS is 0.42%, an increase of 6.71%. Total shares owned by institutions increased in the last three months by 2.16% to 52,943K shares. The put/call ratio of HUBS is 1.19, indicating a bearish outlook.

What are Other Shareholders Doing?

Price T Rowe Associates holds 2,514K shares representing 5.07% ownership of the company. In it’s prior filing, the firm reported owning 4,523K shares, representing a decrease of 79.86%. The firm decreased its portfolio allocation in HUBS by 23.28% over the last quarter.

Jpmorgan Chase holds 2,504K shares representing 5.04% ownership of the company. In it’s prior filing, the firm reported owning 1,103K shares, representing an increase of 55.95%. The firm increased its portfolio allocation in HUBS by 211.09% over the last quarter.

Artisan Partners Limited Partnership holds 1,498K shares representing 3.02% ownership of the company. In it’s prior filing, the firm reported owning 1,669K shares, representing a decrease of 11.42%. The firm increased its portfolio allocation in HUBS by 23.82% over the last quarter.

PRNHX – T. Rowe Price New Horizons Fund holds 1,488K shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 2,444K shares, representing a decrease of 64.31%. The firm decreased its portfolio allocation in HUBS by 14.71% over the last quarter.

Clearbridge Investments holds 1,455K shares representing 2.93% ownership of the company. In it’s prior filing, the firm reported owning 1,371K shares, representing an increase of 5.75%. The firm increased its portfolio allocation in HUBS by 52.22% over the last quarter.

HubSpot Background Information
(This description is provided by the company.)

HubSpot is a leading CRM platform that provides software and support to help companies grow better. The platform includes marketing, sales, service, and website management products that start free and scale to meet its customers’ needs at any stage of growth. Today, more than 100,000 customers across more than 120 countries use HubSpot’s powerful and easy-to-use tools and integrations to attract, engage, and delight customers.

This article originally appeared on Fintel

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