HubSpot Stock Teases Buy Point, Fails to Match Nvidia, Meta and Google Performance

Stimulated by a decline in profits, Alphabet (GOOGL) opened a gap on Friday and deserves a spot IBD50. Metaplatforms (META) just fell off IBD Bigcap 20 after the stock was beaten down in its Q1 report, while its fellow shares of Magnificent Seven Nvidia (NVDA) no longer makes IBD Industry Leaders, our strictest screen. In the meantime, HubSpot (HUBS) is the only artificial intelligence leader to pull off a trifecta and land on all three of these major stock lists




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The continued buzz around artificial intelligence has driven much of the demand (and growth) for Nvidia, Meta and Google. But by being HubSpot AI platform, the company has also become one of the best AI stocks to watch.

Before the Nasdaq took another hit as shares of Meta fell on Thursday's earnings beat, HubSpot stock was poised to dive back into buy range after finding support at its 50-day moving average. HubSpot fell more than 2% on Thursday, but maintained support on that benchmark. HubSpot continues to hold its ground early Friday.

Alphabet has now surged to a gain of about 9%, pushing Google shares out of their buy zone.

HubSpot is also on hand to report earnings on May 1. Analysts predict earnings growth of 25% to $1.56 per share. For the full year, they expect an increase of 18% to $6.97 per share, followed by a 20% increase to $8.38 per share in 2025.

Although HubSpot has not joined Nvidia, Meta, Alphabet or other enterprise software companies Salesforce.com (CRM) on this month's list of new buys by the top mutual funds shows clear signs of institutional demand.

HubSpot has an accumulation/distribution rating of B+ and a volume ratio of 1.6 up/down. In addition, 76 funds with an A+ rating from IBD own the shares. It sports a 98 Composite ratingmeaning it outperforms 98% of all stocks on key stock selection factors.


Nvidia, Arista, Dell, Super Micro Rise on Meta's AI Capex Plan


Will Google Buy HubSpot? Rumor vs. Reality

HubSpot offers a unified platform focused on seamlessly connecting customer-facing teams using AI-powered engagement hubs. The Cambridge, Massachusetts-based company offers Smart CRM (customer relationship management) and a connected ecosystem with more than 1,500 App Marketplace integrationsa community network and educational content.

At the end of last year, HubSpot had approximately 205,000 customers in more than 135 countries.

On April 4, Reuters reported that Google was in talks to acquire HubSpot. But in an April 7 report, Jefferies analysts wrote that they “view an acquisition by GOOGL as unlikely given the likely regulatory scrutiny and the fact that HUBS uses AWS (Amazon Web Services from Amazon.com (AMZN)), among other things.”

After an initial spike in the report of the Google-HubSpot talks, HubSpot shares quickly retreated.

HubSpot Stock Appears to Regenerate Buy Point

After falling from an all-time high towards the end of 2021, HubSpot found a bottom in October 2022. Since then, the stock has remained on a general upward trajectory, although it suffered a twenty-week downturn of 30%. deep decline from August to December last year.

HubSpot then formed a flat base in the second phase with a buy point of 660. It briefly cleared that high-volume listing in the Google Buyout Report, but soon fell back below that.

HubSpot showed resilience and quickly found support at the 50-day line, leaving the new base and buy point intact. As Meta sinks and Alphabet rises in revenue, that resilience is being tested. See if HubSpot can weather the market storm and end the week above the 10-week line.

On Friday morning, Nvidia managed to climb above the 50-day limit again. It will be included in the IBD Breakout Stocks Index on April 17 and the 974 buy point remains intact.

Amazon, which reports on April 30, is looking to recapture its 50-day line on Friday as the tech-heavy Nasdaq also looks to move back above that benchmark.

Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.

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