Argus Lowers PT on Hubspot (HUBS) to $650 From $865, Keeps a Buy Rating

Hubspot, Inc. (NYSE:HUBS) is one of the most promising future stocks according to Wall Street analysts. On August 11, Argus lowered the firm’s price target on Hubspot, Inc. (NYSE:HUBS) to $650 from $865, keeping a Buy rating on the shares.

The rating update came after Hubspot, Inc.’s (NYSE:HUBS) Q2 report, with the firm stating that the company is experiencing traction from its go-to-market and pricing changes.

Argus added that Hubspot, Inc. (NYSE:HUBS) is a sustained double-digit revenue and earnings growth compounder.

HubSpot (NYSE:HUBS) is an American developer and marketer of software products for inbound marketing, customer service, and sales.

Its unified platform offers prime connection for customer-facing teams, and includes artificial intelligence-powered engagement hubs, a connected ecosystem with more than 1,500 app marketplace integrations, a smart customer relationship management product (CRM), a community network, and educational content.

The company’s engagement hubs include Sales Hub, Marketing Hub, Operations Hub, Service Hub, Content Management System Hub, and Commerce Hub. These hubs allow companies to engage and attract clients through the customer lifecycle.

Smart CRM is HubSpot’s primary layer of operations that brings customer data to AI, powering the customer platform with unified customer profiles and tools to manage and govern teams and business processes.

It specializes in relating and selling to mid-market business-to-business (B2B) companies. HubSpot (NYSE:HUBS) functions on a subscription basis.

While we acknowledge the potential of HUBS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.