Morgan Stanley analyst Elizabeth Porter notes the firm hosted a call with two HubSpot (HUBS) partners on Monday, which painted a picture of accelerating fundamentals and resilient demand that stand in stark contrast to investor concerns around AI-driven disruption. Both partners reported results at the high end of expectations in Q3 and see momentum building into Q4, underpinned by strong upmarket traction, multi-hub adoption, and early but encouraging signs of AI monetization. Customers are looking to HubSpot as a key partner in AI strategies, highlighting a position of strength vs risk, Morgan Stanley argues. The firm remains Overweight rated on the name with a price target of $747 on the shares.
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