Up Over 90% in 2023, Is It Too Late to Buy HubSpot Stock?

The bear market of 2022 was brutal for software stocks, but 2023 is shaping up to be a very different story. Software, especially cloud-based companies putting up resilient growth in spite of economic challenges, are making a big comeback.

Inbound marketing and customer relationship management software company HubSpot (NYSE: HUBS) has been no exception. Share prices have nearly doubled so far in 2023, though they remain about 34% below all-time highs last reached in late 2021.

Investors are optimistic about what the future could hold for this top software marketing and automation outfit, but is it a reasonable buy after the big run-up?

Source Fool.com