RBC Capital keeps an Outperform rating and $625 price target on HubSpot while naming the stock to the firm’s Top 30 Global Ideas for Q1. The firm is positive on HubSpot’s organic approach to growth and innovation, providing a full-stack CRM solution all built on a single platform, the analyst tells investors in a research note. RBC adds that it sees competitive advantages and potential revenue upside from the company rapidly embracing GenAI, and expects its strong underlying unit economics “potentially underwriting 30% margins at scale”.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HUBS:
- Jefferies technology/software analyst to hold analyst/industry conference call
- HubSpot price target raised by $30 at Mizuho, here’s why
- HubSpot price target raised to $580 from $550 at Mizuho
- Zillow upgraded, Airbnb downgraded: Wall Street’s top analyst calls
- HubSpot just upgraded at Piper Sandler, here’s why