The HubSpot Buyout Looks Dead: Is the Stock a Buy?
Rumors emerged a few months ago that tech giant was considering an acquisition of inbound marketing software provider HubSpot (NYSE: HUBS). HubSpot sports a massive customer base that skews toward small and medium-sized businesses, a potential gold mine for Alphabet as it looks to expand its cloud computing business.
Alphabet now appears to have walked away from the bargaining table. A report from Reuters on Wednesday indicated that Alphabet had decided to drop a potential bid weeks ago, and that talks never even reached the due diligence stage. Unsurprisingly, HubSpot stock has been tumbling as investors digest the news.
Is this dip a buying opportunity?
Source Fool.com
Alphabet Inc. C Stock
€164.90
0.240%
With 26 Buy predictions and not a single Sell prediction Alphabet Inc. C is an absolute favorite of our community.
At the moment Alphabet Inc. C has reached the predicted target price of 165 €, with a current price of 164.9 €.
