HubSpot stock drops 19.1% despite positive market, acquisition rumors fizzling.

From Nasdaq: 2024-07-12 14:51:00

Shares of HubSpot (NYSE: HUBS) dropped 19.1% this week, despite overall market positivity. Rumors of an acquisition by Alphabet, Google’s parent company, drove excitement in April but fizzled out this week according to Bloomberg. Analysts are divided on whether this decline presents a buying opportunity.

The canceled acquisition hasn’t affected HubSpot’s business fundamentals. Analysts debate if the current valuation of 11 times sales is warranted. The Motley Fool’s Stock Advisor team did not include HubSpot in their 10 best stocks to buy now. Investors should consider long-term investment strategies before deciding to buy stock in HubSpot.

Member of The Motley Fool’s board of directors, Suzanne Frey, and clients of writer Billy Duberstein hold positions in Alphabet and HubSpot. The Motley Fool also discloses positions in these companies. Ultimately, investors should weigh the potential risks and rewards before making any investment decisions.



Read more at Nasdaq: Why HubSpot Plunged Almost 20% on a Good Week for the Markets