Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when evaluating the company's investment potential.</li><li>On the positive side, HubSpot achieved a 20% year-over-year revenue growth in constant currency, demonstrating robust financial performance.</li><li>The company's operating margin grew by over 200 basis points, reaching 19%, showcasing a strong emphasis on operational efficiency.</li></ul>

In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when evaluating the company's investment potential.On the positive side, HubSpot achieved a 20% year-over-year revenue growth in constant currency, demonstrating robust financial performance.The company's operating margin grew by over 200 basis points, reaching 19%, showcasing a strong emphasis on operational efficiency.

HubSpot Inc.: An Insight Into Its Seat-Based Pricing Model Transition & Other Major Drivers

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

Thematic (Sector/Industry)

<ul>
<li>Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain</li>
<li>Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?</li>
<li>Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance </li>
</ul>


Apple iPhone 16 pre-orders weak and Questions on Apple Intelligence remain
Big software investor days. Expect AI to feature big on hype, but what to expect from TAM to ARR to products?
Semis: Samsung challenges, Intel relief but pressures remain, TSM momentum, this time with ByteDance 


TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

<ul><li>HubSpot, in its Q2 2024 earnings presentation, portrayed a complex yet promising landscape, balancing solid growth with strategic adjustments in response to market conditions.</li><li>The company reported a 21% year-over-year revenue growth in constant currency, backed by a surge in its customer base to 228,000, marking an addition of over 11,200 net customers within the quarter.</li><li>This growth trajectory was underpinned by enhanced operational efficiencies resulting in a notable improvement in operating margins, expanded by 270 basis points year-over year to 17%.</li></ul>

HubSpot, in its Q2 2024 earnings presentation, portrayed a complex yet promising landscape, balancing solid growth with strategic adjustments in response to market conditions.The company reported a 21% year-over-year revenue growth in constant currency, backed by a surge in its customer base to 228,000, marking an addition of over 11,200 net customers within the quarter.This growth trajectory was underpinned by enhanced operational efficiencies resulting in a notable improvement in operating margins, expanded by 270 basis points year-over year to 17%.

HubSpot Inc.: These 7 Factors Are Driving Our Optimism! - Financial Forecasts

<ul><li>HubSpot Inc.'s Q1 2024 earnings conference call revealed a mix of strong performance and cautious optimism.</li><li>Total customers grew by 22% YoY, translating to over 215,000 customers globally, driven by over 11,700 net customer additions in the quarter.</li><li>Revenue growth was solid at 23% year-over-year in constant currency, alongside another good quarter of operating margin growth, driving the operating margin to 15%.</li></ul>

HubSpot Inc.'s Q1 2024 earnings conference call revealed a mix of strong performance and cautious optimism.Total customers grew by 22% YoY, translating to over 215,000 customers globally, driven by over 11,700 net customer additions in the quarter.Revenue growth was solid at 23% year-over-year in constant currency, alongside another good quarter of operating margin growth, driving the operating margin to 15%.

HubSpot Inc.: What Valuation Can It Get From Alphabet Inc.? - Major Drivers

<ul><li>HubSpot, a leading software company, provided a generally positive update on the firm's financial performance, strategic direction, and plans for future growth.</li><li>On the financial front, the firm reported solid results for Q4 2023.</li><li>Revenue grew by 21% year-on-year in constant currency terms, and by 25% for the full year 2023.</li></ul>

HubSpot, a leading software company, provided a generally positive update on the firm's financial performance, strategic direction, and plans for future growth.On the financial front, the firm reported solid results for Q4 2023.Revenue grew by 21% year-on-year in constant currency terms, and by 25% for the full year 2023.

HubSpot Inc: Are They Successfully Implementing AI In Their Operations? - Major Drivers

United States

HubSpot, Inc. provides a cloud-based marketing and sales software platform. The Company offers integrated applications that helps in lead generation and social marketing.

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Hubspot Inc (HUBS US)

HubSpot Inc.: An Insight Into Its Seat-Based Pricing Model Transition & Other Major Drivers

In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

HubSpot Inc.: These 7 Factors Are Driving Our Optimism! - Financial Forecasts

HubSpot, in its Q2 2024 earnings presentation, portrayed a complex yet promising landscape, balancing solid growth with strategic adjustments in...

Baptista Research

HubSpot Inc.: What Valuation Can It Get From Alphabet Inc.? - Major Drivers

HubSpot Inc.'s Q1 2024 earnings conference call revealed a mix of strong performance and cautious optimism. Total customers grew by 22% YoY,...

Baptista Research

HubSpot Inc: Are They Successfully Implementing AI In Their Operations? - Major Drivers

HubSpot, a leading software company, provided a generally positive update on the firm's financial performance, strategic direction, and plans for...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HubSpot Inc.: An Insight Into Its Seat-Based Pricing Model Transition & Other Major Drivers

In the most recent financial results, HubSpot, Inc. reported several positives and negatives that are important for investors to consider when...

Baptista Research

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

​Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...

Neil Campling

HubSpot Inc.: These 7 Factors Are Driving Our Optimism! - Financial Forecasts

HubSpot, in its Q2 2024 earnings presentation, portrayed a complex yet promising landscape, balancing solid growth with strategic adjustments in...

Baptista Research

HubSpot Inc.: What Valuation Can It Get From Alphabet Inc.? - Major Drivers

HubSpot Inc.'s Q1 2024 earnings conference call revealed a mix of strong performance and cautious optimism. Total customers grew by 22% YoY,...

Baptista Research

HubSpot Inc: Are They Successfully Implementing AI In Their Operations? - Major Drivers

HubSpot, a leading software company, provided a generally positive update on the firm's financial performance, strategic direction, and plans for...

Baptista Research

Apple iPhone 16 pre-orders disappointing. Big software investor days AI hype and product expectations. Challenges for Samsung, Intel relief short...