Could HubSpot Become the Next Salesforce?
HubSpot (NYSE: HUBS) has grown rapidly since its public debut nine years ago. From 2014 to 2022, the cloud-based customer relationship management (CRM) and marketing software provider grew its revenues at a compound annual rate of 40% as its total number of customers grew from 13,607 to 167,386. Its adjusted operating margin also improved from negative 27.7% in 2014 to positive 9.8% in 2022.
HubSpot's stock has risen by a whopping 1,868% from its IPO price of $25 -- which would have turned a $2,000 investment into over $39,000. But with an enterprise value of $24 billion, it's still only a tenth as valuable as cloud-based CRM leader Salesforce, which has an enterprise value of $241 billion. Can HubSpot keep growing over the next few decades and become as big as Salesforce one day?
Image source: Getty Images.
Source Fool.com
Hubspot Inc. Stock
Our community is currently high on Hubspot Inc. with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 230 € shows a positive potential of 20.73% compared to the current price of 190.5 € for Hubspot Inc..
