Why HubSpot Plunged Today
Shares of marketing and customer relationship automation software firm HubSpot (NYSE: HUBS) plunged on Friday, falling 20.1% as of 1:37 p.m. EDT.
HubSpot has been caught up in this year's "SaaS-pocalypse," in which fears over AI disrupting the software industry have driven meaningful sell-offs in most software stocks.
The phenomenon also means that any imperfection in reported earnings is magnified, and that appears to have happened to HubSpot today following its first-quarter earnings release last night.
Source Fool.com
Hubspot Inc. Stock
€206.00
0.990%
Our community is currently high on Hubspot Inc. with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 220 € shows a slightly positive potential of 6.8% compared to the current price of 206.0 € for Hubspot Inc..
