HubSpot plunges 23% in largest single-day drop ever after Q2 results

EarningsAnalyst Impact 4

โดย Seeking Alpha·

Summary · why it matters

HubSpot shares plunged 23% in early trading Wednesday following its second quarter results, putting the stock on track for the largest single-day drop in the company's 12-year history on the New York Stock Exchange. The previous record was a 20.1% decline on May 8, 2026, after its first quarter report. The earnings prompted multiple analyst downgrades and price target cuts, with Piper Sandler downgrading to Neutral from Overweight and lowering its target to $220 from $250, Capital One moving to Equal-weight from Overweight with a $206 target, Bernstein cutting to Market Perform from Outperform with a $220 target, and Stifel slashing to Hold from Buy and reducing its target to $200 from $275. Some firms remained more positive, with BTIG retaining its Buy rating but lowering its target to $250 from $300, and RBC Capital Markets keeping its Outperform rating while cutting its target to $300 from $350, both citing elongated sales cycles and increased budget sensitivity. Competitors Salesforce and Oracle fell 5% and 3%, respectively.

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