HubSpot shares are down 20.2% as of 11:00 a.m. ET after several analysts downgraded the stock and cut price targets despite the company reporting second-quarter 2026 revenue of $912 million and adjusted earnings per share of $3.26, both above consensus estimates. Piper Sandler downgraded HubSpot to neutral from overweight and lowered its price target to $220 from $250, while Bernstein downgraded the stock to market perform from outperform and reduced its target to $220 from $381, and Barclays cut its target to $240 from $270. The downgrades follow concerns over net customer additions of only 7,000 last quarter and an expected 5,000 to 6,000 in the third quarter, as well as dwindling growth expectations after an April revision of go-to-market and pricing strategies. HubSpot grew free cash flow 44% year-over-year to $168 million in the quarter and projects $750 million for fiscal 2026, a 26% increase.
HubSpot IncAnalyst downgrades and price target cuts despite Q2 beat, driven by weak customer additions and growth concerns.
NVIDIA Corporation