HubSpot, Inc.

HubSpot remains a buy, with an 18% FY 2027 upside target, despite a recent -46% YTD decline and market overreaction to AI disruption fears. HUBS' shift to a hybrid seat-plus-credit pricing model is early but aligns with AI trends, potentially driving net revenue retention (NRR) recovery by FY 2027. Q3 fundamentals showed 17% YoY revenue growth and margin expansion, though leading indicators like NRR and net customer additions softened amid the pricing transition.

Constant-currency revenue grew 17% year over year in Q3. HubSpot added 5,300 net new customers in the third quarter.

U.S. stock futures were mixed this morning, with the Dow futures gaining over 250 points on Thursday.

Stocks surged after a political shake-up, but Wall Street analysts were far from unanimous on Thursday. Some household names got slashed while a struggling airline and a solar giant won new fans. Which side of the call are you on?