Wall Street

HubSpot: A More Competitive Valuation

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HubSpot (NYSE:HUBS) is one of the leaders in the CRM space. But like other tech companies, its stock price has been severely discounted. The selloff in HubSpot’s share price has been seen by some analysts as a correction towards a more realistic valuation. At its peak, the company was trading for $866 per share and at 30x its sales. Another thing that worked against the company’s high valuation is the fact that its historic growth rate was good, but by no means meteoric to warrant such a high stock price at a 47% annual growth rate in 2021. Now that the stock has come back to Earth again, some…

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