2024-07-26 13:09:37 ET
Summary
- I believe paying 38x forward operating profits for HubSpot, Inc. is too high a premium.
- Given the increased budget scrutiny and slower deal progression, I see significant near-term challenges for HubSpot.
- Competing with industry giants like Salesforce, HubSpot's valuation seems excessively optimistic and risky.
Investment Thesis
HubSpot, Inc. ( HUBS ) is about 2 weeks away from reporting its highly anticipated Q2 2024 results. The stock has lost substantial steam as Google's parent Alphabet ( GOOG , GOOGL ) walked away from a potential acquisition....
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For further details see:
HubSpot: What To Do Post Google Fallout?