Barclays upgraded HubSpot (HUBS) to Overweight from Equal Weight with an unchanged price target of $815. The firm cites the company’s near-term benefit from a price increase, new core customer ramp, and easier compares for the upgrade. The analyst also believes generative artificial intelligence “unlocks additional wallet-spend” for HubSpot as AI credit-based monetization allows the company to capture more value from power users. Barclays sees better structural growth for the company from AI usage.
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