In a report released today, Bradley Sills from Bank of America Securities maintained a Buy rating on HubSpot (HUBS – Research Report), with a price target of $950.00.
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Bradley Sills’s rating is based on several positive indicators for HubSpot’s future growth potential. The company’s stock has seen a significant increase of 56% since September, backed by a stabilized spending environment in the SMB front office applications sector. HubSpot’s current growth rate of 20% to 21% is promising, with potential to reach high 20s growth by the first half of fiscal year 2026, driven by its ability to consolidate a substantial SMB front office total addressable market.
In addition, improvements in net revenue retention from 101% to 104% signal a positive trend, with expectations of reaching 108% by the end of fiscal year 2025. This is complemented by the upcoming revenue contributions from HubSpot’s new Breeze agents, which are expected to enhance growth through usage-based pricing models. These developments, along with a competitive valuation relative to peer companies, form the basis of Sills’s Buy rating and a price objective of $950.
Sills covers the Technology sector, focusing on stocks such as Salesforce, Microsoft, and HubSpot. According to TipRanks, Sills has an average return of 3.5% and a 47.34% success rate on recommended stocks.
In another report released yesterday, Redburn Atlantic also initiated coverage with a Buy rating on the stock with a $930.00 price target.