What Makes HubSpot (HUBS) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: HubSpot (HUBS) - HubSpot currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, HubSpot shares have increased by 16.16%, outperforming the Zacks Internet - Software industry, which rose by 5.05% [5] - In a longer timeframe, HubSpot's shares have appreciated by 31.58% over the past month, compared to the industry's 4.75% [5] - Over the last quarter, HubSpot shares have surged by 41.36%, and over the past year, they have gained 49.51%, while the S&P 500 has only increased by 10.53% and 37.42%, respectively [6] Trading Volume - HubSpot's average 20-day trading volume is 528,292 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 12 earnings estimates for HubSpot have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.68 to $7.96 [9] - For the next fiscal year, 12 estimates have also moved higher without any downward revisions [9] Conclusion - Given the positive performance metrics and upward earnings revisions, HubSpot is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]