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Top-Rated Hubspot Stock Near Buy Zone Ahead Of Earnings

IBD 50 member Hubspot (HUBS) is forming a base showing a 547.57 buy point with its next quarterly report set for May 5. The base is a second-stage cup with handle. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 




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Be aware that buying a stock just before it reports is risky, since poor numbers could send it sharply lower. You can reduce your risk by waiting to see the actual numbers and the market’s reaction. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.


Looking For The Best Stocks To Buy And Watch? Start Here


Earnings growth fell in the company’s most recent report from 8% to 5%, but sales rose from 32% to 35%.

Analysts are looking for EPS growth of -3% for the quarter, and 18% growth for the full year. Annual growth estimates were recently revised upward.

Hubspot stock has a 93 Composite Rating and holds the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. SPS Commerce (SPSC) and Bentley Systems Class B (BSY) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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