Bank of America reiterated the stock as a top pick, noting its potential tailwinds from AI.
Customer relationship manager HubSpot could see "another leg of growth" from artificial intelligence, according to Bank of America. "AI interest is palpable," analyst Brad Sills wrote in a Friday note. "We view HubSpot as the winner in the vast SMB front office applications category, with the leading platform, channel and brand." The analyst reiterated his buy rating on shares and named it a top pick.
The company's innovative inbound marketing approach, breadth of offerings and large and rising channel of digital marketing partners could sustain revenue growth topping 20% in the coming years, according to Sills. "HubSpot is a natural AI play, with the largest data set residing in one organically built platform, enabling rapid development of AI offerings," Sills said.
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