Riding a new wave in sales and marketing techniques, HubSpot (HUBS) is scheduled to report third-quarter earnings after the market close Wednesday. The consensus estimate among analysts polled by Thomson Reuters calls for HubSpot to report revenue of $44.6 million, up 47% from the year-earlier quarter and maintaining a long string of double-digit growth. Analysts expect a per-share loss minus items of 32 cents vs. a 31-cent loss in Q3 2014.
A positive outlook on HubSpot (HUBS) led Rosenblatt Securities to reiterate a buy rating on the provider of a cloud-based sales and marketing platform for businesses. Rosenblatt analyst Kirk Adams, in a research report Thursday, maintained a price target of 61 on HubSpot stock. HubSpot hit a record high of 55.07 on July 29. It fell to a four-month low of 39.05 on Aug. 24, the day of the big stock market decline, but has rebounded since. HubSpot
HubSpot (HUBS) received a price target increase by Rosenblatt Securities based on expectations of stronger revenue growth for the cloud-based provider of sales and marketing software. Rosenblatt analyst Kirk Adams, in a research report Wednesday, raised his price target on HubSpot to 61 from 50 and reiterated a buy rating, supported by “sustained growth rates, positive cash flow in 2016 and more opportunities ahead.” HubSpot stock was down 1% in