BTIG Assumes Coverage of HubSpot (HUBS) Stock

HubSpot, Inc. (NYSE:HUBS) is one of the High Growth Large Cap Stocks to Buy Right Now. The company’s stock has a mean consensus rating of “Buy,” covered by ~36 analysts. Notably, its stock has an average price target of $579.55, reflecting an increase of ~45.6% from the closing price as of December 26.

Earlier, on December 17, BTIG assumed coverage of the company’s stock with a “Buy” rating and a price objective of $500. As per the analyst, HubSpot, Inc. (NYSE:HUBS) happens to be a best-in-class software asset thanks to the durable growth, expansion of margin, and consistent execution.

That being said, HubSpot, Inc. (NYSE:HUBS)’s stock has significantly underperformed on a YTD basis because of the broader concerns related to the potential GenAI disruption and slowed growth. Notably, the company’s stock witnessed a decline of over ~42% on a YTD basis. The firm believes that HubSpot, Inc. (NYSE:HUBS) possesses one of the best product expansion track records in all the software, cementing BTIG’s confidence that the company can embed and monetize GenAI throughout the entire front office.

Furthermore, HubSpot, Inc. (NYSE:HUBS)’s strategic emphasis on AI integration offers strong growth potential. The AI-powered features, including Breeze Intelligence and Breeze Agents, have the potential to result in improved customer retention.

HubSpot, Inc. (NYSE:HUBS) offers a cloud-based CRM platform for businesses.

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.

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