HUBS Stock Price: $711 Target From KeyBanc

By Amit Chowdhry ● Aug 8, 2021
  • The shares of HubSpot Inc (NYSE: HUBS) have received a price target increase from $697 to $711 KeyBanc. These are the details.

The shares of HubSpot Inc (NYSE: HUBS) have received a price target increase from $697 to $711 from KeyBanc. And KeyBanc analyst Michael Turits is maintaining an “Overweight” rating on the company shares. Turits cited strong second-quarter results for the company with accelerating growth likely in line with upside expectations.

For the quarter, HubSpot reported total revenue was $310.8 million, up 53% compared to Q2’20. The GAAP operating margin was (5.3%), compared to (6.7%) in Q2’20. And non-GAAP operating margin was 8.9%, compared to 9.4% in Q2’20. The GAAP operating loss was ($16.6) million, compared to ($13.6) million in Q2’20. And non-GAAP operating income was $27.5 million, compared to $19.2 million in the second quarter of 2020.

The GAAP net loss was ($24.6) million, or ($0.53) per basic and diluted share, compared to ($29.4) million, or ($0.67) per basic and diluted share in Q2’20. And non-GAAP net income was $21.6 million, or $0.46 per basic and $0.43 per diluted share, compared to $16.7 million, or $0.38 per basic and $0.34 per diluted share in the second quarter of 2020.

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