These Analysts Cut Their Forecasts On HubSpot After Q2 Results

Benzinga Earnings
08/06

HubSpot Inc (NYSE:HUBS) on Wednesday posted upbeat second-quarter earnings but lowered its FY26 sales guidance.

HubSpot reported second-quarter revenue of $911.7 million, up 20% year-over-year. The revenue total beat a Street consensus estimate of $898.3 million, according to data from Benzinga Pro. HubSpot reported adjusted earnings per share of $3.26, beating a Street consensus estimate of $3.02.

“In Q2, we made deliberate choices to accelerate our AI transformation,” HubSpot CEO Yamini Rangan said. “Scaling companies want real outcomes and predictable pricing when adopting AI, and we are evolving our product, pricing and go-to-market to meet those needs.”

For the full fiscal year, HubSpot expects revenue in a range of $3.678 billion to $3.686 billion and adjusted earnings per share in a range of $13.23 to $13.31. This new full-year guidance is higher for adjusted earnings per share than previously forecast, while revenue is lowered from a prior range of $3.70 billion to $3.708 billion.

HubSpot shares dipped 22.8% to $193.20 in pre-market trading.

These analysts made changes to their price targets on HubSpot following earnings announcement.

  • Piper Sandler analyst Billy Fitzsimmons downgraded the stock from Overweight to Neutral and cut the price target from $250 to $220.
  • BTIG analyst Nick Altmann maintained the stock with a Buy and cut the price target from $300 to $250.
  • Oppenheimer analyst Ken Wong downgraded the stock from Outperform to Perform.

Considering buying HUBS stock? Here’s what analysts think:

Photo via Shutterstock

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