In a report released today, Joshua Reilly from Needham maintained a Buy rating on HubSpot (HUBS – Research Report), with a price target of $900.00.
Joshua Reilly’s rating is based on HubSpot’s impressive performance despite challenging macroeconomic conditions. The company reported a strong first quarter, although it did not fully incorporate the quarterly success into its fiscal year 2025 revenue guidance. The guidance was, however, adjusted upwards by $50 million due to favorable foreign exchange movements as the US dollar weakened.
Reilly also highlights the upcoming changes in HubSpot’s pricing model, particularly the introduction of a new credit-based pricing system for Breeze Agents within the Pro and Enterprise tiers. This change is expected to begin in early June and could potentially drive revenue growth as these users start paying for the service. The analyst anticipates that this model may eventually be expanded to the Starter tier, potentially encouraging more customers to upgrade over time.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $800.00 price target.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HUBS in relation to earlier this year.