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HubSpot shares surge amid growing M&A expectations in software industry

The Motley Fool +1 · ·by G4L

HUBS
HUBS HubSpot Inc
$205.93 +2.65%
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  1. 1HubSpot shares surged up to 7% on Thursday.
  2. 2Salesforce's acquisition of Braze was announced at a value of $5.66 billion.
  3. 3Jefferies analyst Samad Samana believes more deals will occur in the M&A market.

So what's the key point?

HubSpot shares rose 7% in a single day. This happened because a large acquisition by another company has raised expectations for more similar deals in the future.

Source The Motley Fool +1 · View original ↗

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