Why HubSpot Rocketed 35.9% Higher in November

Shares of HubSpot (NYSE: HUBS) gained 35.9% in November, according to data from S&P Global Market Intelligence. The digital marketing software hub gained after both strong earnings that beat analysts' expectations, as well as general market enthusiasm following the November U.S. elections. It has been an amazing year for HubSpot, whose stock price is up a whopping 144.3% for 2020.

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In its third quarter, HubSpot reported hefty 31.6% revenue gains, and adjusted (non-GAAP) EPS of $0.28, with both figures beating expectations. Management also forecasts much-better-than-expected results for the fourth quarter.

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Source Fool.com