Analyst Tyler Radke of Citi maintained a Buy rating on HubSpot (HUBS – Research Report), with a price target of $759.00.
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Tyler Radke’s rating is based on HubSpot’s strong financial performance and growth prospects. Despite a challenging macroeconomic environment, HubSpot delivered solid first-quarter results with a 16% increase in total revenue, surpassing both consensus and guidance. The company’s revenue guidance for the second quarter also exceeded expectations, indicating continued growth momentum.
Radke highlights HubSpot’s sustainable growth potential driven by pricing advantages, increased adoption of multiple hubs, and opportunities in artificial intelligence. Although the company faces some near-term visibility challenges, Radke remains optimistic about its medium to long-term growth trajectory. The target price has been adjusted to $759, reflecting a favorable expected total return of 15%, which supports the Buy rating.
In another report released on May 9, Barclays also maintained a Buy rating on the stock with a $745.00 price target.