HubSpot Inc HUBS reported better-than-expected Q4 results and issued strong guidance.
HubSpot said fourth-quarter revenue jumped 27% year-over-year to $469.66 million, which beat average analyst estimates of $445.58 million. The company reported earnings of $1.11 per share, which topped estimates of 82 cents per share.
HubSpot said it sees first-quarter earnings of 82 cents to 84 cents per share versus estimates of 59 cents per share. The company said it expects full-year earnings in a range of $4.24 to $4.32 per share versus estimates of $2.86 per share.
HubSpot shares jumped 11.2% to $402.50 in pre-market trading.
These analysts made changes to their price targets on HubSpot following the release of results.
Piper Sandler raised the price target on HubSpot from $350 to $450. Piper Sandler analyst Brent Bracelin maintained an Overweight rating.
Needham boosted the price target on HubSpot from $380 to $470. Needham analyst Joshua Reilly maintained a Buy rating.
Mizuho increased the price target on HubSpot from $350 to $450. Mizuho analyst Siti Panigrahi maintained a Buy rating.
Raymond James boosted the price target on HubSpot from $360 to $500. Raymond James analyst Brian Peterson maintained the stock with a Strong Buy.
Credit Suisse boosted the price target on HubSpot from $400 to $480. Credit Suisse analyst Rich Hilliker maintained the stock with an Outperform.
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