BOSTON, April 24, 2024--Today as part of Spotlight, HubSpot’s new biannual product showcase, the customer platform for scaling businesses announced the launch of an all-new Service Hub and Content Hub, as well as global availability of Commerce Hub, and new HubSpot AI features embedded throughout the platform.
AI play HubSpot, S&P 500 stocks Allstate and TransDigm along with recent IPO Cava and Sea Limited are in focus this week. The major indexes have broken decisively below 50-day moving averages. The marketing software firm had flirted with reclaiming a 660 buy point from a flat base, but was turned back.
The average brokerage recommendation (ABR) for HubSpot (HUBS) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?