tl;dr
A potential Google (NASDAQ:GOOGL) acquisition of HubSpot (NYSE:HUBS) makes sense on paper, though a combination is likely to be challenged by regulators, according to Stifel analysts. "We believe this would be heavily challenged by regulators given the DOJ already has two suits pending against the ...
A potential Google (NASDAQ:GOOGL) acquisition of HubSpot (NYSE:HUBS) makes sense on paper, though a combination is likely to be challenged by regulators, according to Stifel analysts. "We believe this would be heavily challenged by regulators given the DOJ already has two suits pending against the company across its Search business and its Ad Tech practices," Stifel analysts, including Mark Kelley and Parker Lane, wrote in a note on Thursday. The comments come after HubSpot (HUBS) shares rocketed higher by 9.3% on Thursday following a Reuters report that Google parent Alphabet (GOOGL) is in talks with advisers about a potential takeover offer. Google ticked down 0.3%. "In our view, Google would be able to leverage its rich data assets that are aggregated across Gmail, its market-leading digital advertising products (Search, YouTube, network, etc.), and its small but growing Cloud business (Hubs might entice more GCP usage)," the Stifel analysts wrote. "We also believe this acquisition could help Google's position in digital advertising with greater ability to leverage first-party data, all in one platform, as Google looks to purge third-party cookies on Chrome later this year." A deal could also help position Google better versus competition with Salesforce (Slack) and Microsoft (Teams), according to Stifel. "GOOGL and HUBS coming together could present another alternative to the market, albeit at a level below the full-scale enterprise market that MSFT and CRM play in today," the Stifel analysts wrote.
More about HubSpot Inc
HubSpot Inc Stock Analysis HubSpot Inc Stock Analysis Summary
HubSpot, Inc. provides a cloud-based customer relationship management (CRM) platform for companies in the Americas, Europe, and Asia Pacific. The company is headquartered in Cambridge, Massachusetts.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $31.66 billion
Dividend Yield: None
EPS: -3.55
Stock Price: $43.51
Price/Earnings Ratio: -0.0812
Volume: 2,170,230,000
52-Week High: $697.15
52-Week Low: $0
Relative Strength Index (RSI): 0.239
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc Class A Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Information
Sector: TECHNOLOGY
Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $1,932,177,703,000
PE Ratio: 26.76
Dividend Yield: None
EPS: 5.79
52-Week High: $24.34
52-Week Low: $0.24
Volume: 307,393,987,000
Market Price: $163.28
Change: 0.56
Change %: 0.135
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.