Elizabeth Porter, an analyst from Morgan Stanley, maintained the Buy rating on HubSpot (HUBS – Research Report). The associated price target was raised to $898.00.
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Elizabeth Porter gave her rating based on several factors including HubSpot’s strong financial performance and strategic positioning. The company reported a notable increase in revenue and bookings, surpassing expectations with a year-over-year growth of 20% and 21% respectively. This performance is attributed to the successful adoption of multi-hub solutions and significant customer acquisition in both large and small market segments.
Additionally, HubSpot’s forward-looking financial guidance aligns with market expectations, with an anticipated 16% growth in revenue for the fiscal year 2025. The company’s innovative pricing model and advancements in AI technology are also fostering increased customer engagement and long-term monetization prospects. These factors collectively enhance confidence in HubSpot’s sustained growth trajectory and justify the Buy rating.