Analyst Elizabeth Porter from Morgan Stanley maintained a Buy rating on HubSpot and keeping the price target at $747.00.
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Elizabeth Porter has given her Buy rating due to a combination of factors that indicate a positive growth trajectory for HubSpot. The company’s management has demonstrated strong momentum in expanding its market presence, particularly in the upmarket and multi-hub sectors. Additionally, HubSpot’s focus on monetizing core seats and credit packs, along with its commitment to delivering AI innovations, suggests a promising outlook for future growth.
Porter’s optimism is further supported by recent events such as the INBOUND conference and analyst day, where discussions highlighted the company’s potential to accelerate growth. Despite some investor concerns about GenAI risks and competition, Porter believes that HubSpot is well-positioned to capitalize on new market opportunities. The acceleration in net new ARR growth to 25% year-over-year in the first half of 2025, after previous declines, reinforces confidence in HubSpot’s ability to improve revenue growth, making it a compelling investment opportunity at its current valuation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $675.00 price target.