BMO Capital analyst Keith Bachman has maintained their bullish stance on HUBS stock, giving a Buy rating today.
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Keith Bachman has given his Buy rating due to a combination of factors including HubSpot’s strong financial performance and strategic positioning. The company’s reported revenue growth of 20% year-over-year, which exceeded expectations, illustrates robust customer acquisition and effective multi-hub adoption. Additionally, the free cash flow significantly surpassed estimates, highlighting financial strength.
Bachman also notes that HubSpot is well-positioned to capitalize on the early stages of a significant front office transition, leveraging AI opportunities. The company’s FY25 revenue guidance is solid and slightly conservative, suggesting potential for upside, especially as AI capabilities mature. The company’s integrated marketing platform and its expansion in the SMB market further underpin the potential for sustained revenue growth, supported by a large, underpenetrated global market.
According to TipRanks, Bachman is a 5-star analyst with an average return of 13.1% and a 60.81% success rate. Bachman covers the Technology sector, focusing on stocks such as Salesforce, Adobe, and Fortinet.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a $900.00 price target.