Why HubSpot Surged 41.5% in the First Half of 2020
Shares of HubSpot (NYSE: HUBS) rose 41.5% during the first half of 2020, according to data from S&P Global Market Intelligence. The sales, marketing, and customer service software-as-a-service company rose along with many high-growth enterprise software stocks during the first six months of 2020.
A combination of steady subscription revenue and low interest rates helped contribute to HubSpot's rise. In addition, HubSpot reported first-quarter earnings that beat analyst expectations, while giving optimistic commentary on the future, fueling further gains.
Image source: Getty Images.
Source Fool.com