From Nasdaq: 2024-04-04 17:37:00

Shares of HubSpot (NYSE: HUBS) surged after reports that Google’s Alphabet (NASDAQ: GOOGL, GOOG) is considering acquiring the CRM software platform. HubSpot investors saw a 20% increase so far in 2024, now with a market cap of around $33 billion. Any potential offer from Alphabet would face antitrust scrutiny.

While Alphabet’s potential acquisition of HubSpot remains in early stages, investors should focus on the company’s performance rather than speculative rumors. Analysts recommend other stocks for potential growth, while HubSpot continues to attract attention in the market. Any potential deal would be subject to regulatory approval.

Investors should carefully consider before investing $1,000 in HubSpot given the potential acquisition news. The Motley Fool Stock Advisor does not currently recommend HubSpot as a top investment choice. With guidance on building a successful portfolio and stock picks, investors should evaluate options beyond HubSpot for future returns. Remember to always weigh risks and potential rewards before making investment decisions.



Read more at Nasdaq: Why HubSpot Stock Popped Today