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Why is Hubspot Inc (HUBS) Stock down?
We've noticed a 5.61% decline in Hubspot Inc (HUBS) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Nov, 2023:
Shares of HubSpot, Inc. (HUBS) dropped by 6.11% from $442.15 to $415.12 in the trading on Thursday, Novemeber 9, 2023. The reason why HUBS down is due to analysts' price forecast cut
- Raymond James lowered the price target on HubSpot from $520 to $510 but maintained an Outperform rating.
- Morgan Stanley reduced the price target on HubSpot from $568 to $539 while maintaining an Overweight rating.
- Piper Sandler analyst Brent Bracelin reiterated a Neutral rating and maintained a $515 price target.
- RBC Capital analyst Rishi Jaluria reiterated an Outperform rating and kept a $625 price target for HubSpot.
10 Oct, 2023:
Shares of Hubspot (HUBS) dropped by 4.14% from $487.98 to $467.80 in the trading on Tuesday, October 10, 2023. The reason why HUBS stock down is due to a note from ClearBridge Small Cap Growth Strategy, which mentioned their reduction or elimination of positions in stocks that had increased in capitalization, including HubSpot, Inc. This announcement negatively impacted investor sentiment, leading to the drop in the stock price.
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