Core Insights - TimesSquare Capital Management's "U.S. Focus Growth Strategy" reported a gross return of 4.00% and a net return of 3.78% in Q3 2025, outperforming the Russell Midcap Growth Index's return of 2.78% [1] - The strategy highlighted HubSpot, Inc. (NYSE:HUBS) as a key investment, despite its shares losing 49.67% over the last 52 weeks [2][4] Performance Overview - All major asset classes posted positive returns in Q3 2025, except for fixed income assets outside the US [1] - HubSpot, Inc. achieved a revenue growth of 18.4% year-over-year in constant currency, reaching $810 million [4] Company Analysis - HubSpot, Inc. is recognized for its cloud-based customer relationship management platform, with growth driven by AI adoption and increased multi-hub deals [3] - Despite strong second-quarter results, management's conservative forward guidance led to a -16% decline in shares [3] Market Position - HubSpot, Inc. was held by 63 hedge fund portfolios at the end of Q3 2025, an increase from 56 in the previous quarter [4] - The company is not listed among the 30 Most Popular Stocks Among Hedge Funds, indicating a potential undervaluation compared to other AI stocks [4]

Question-and-Answer SessionThe -- let's start -- bigger picture. So 2025 was a year of like a lot of AI-supported product announcements, and that was across the market. How do you think the industry is going to change? Like it's more bigger picture question now, but it feels like we're in the middle of a big storm.Yamini RanganCEO, President and Director It is massive. You talk about 20 years. I mean, every 20 years, there is a fairly big technology shift. And I think the difference is that AI has an even b ...

HubSpot FY Conference Summary Company Overview - **Company**: HubSpot (NYSE:HUBS) - **Date of Conference**: December 10, 2025 Key Industry Insights - **AI Impact**: The industry is undergoing a significant transformation due to AI, which is expected to have a faster and more profound impact than previous technology shifts. HubSpot aims to leverage AI to assist small and medium businesses in their growth strategies [8][10][12]. - **Competitive Landscape**: New technology waves, particularly AI, will alter the competitive landscape, attracting new entrants and changing how existing companies deliver value [12][16]. Core Company Strategies 1. **AI Integration**: HubSpot's strategy includes embedding AI across all products and platforms to reduce friction for users. This integration aims to enhance user experience and drive growth [21][22]. 2. **Agent Development**: HubSpot has launched several AI agents, including a Customer Agent that resolves over 60% of tickets and a Prospecting Agent that assists in account research. These agents are designed to improve efficiency and customer service [23][33]. 3. **Breeze Assistant**: A new AI tool that acts as a copilot for go-to-market employees, providing insights in a conversational manner [23]. Monetization Strategy - **Value-Driven Approach**: HubSpot prioritizes delivering value before monetization to reduce churn. The company employs a hybrid pricing model that includes both seat-based and usage-based monetization [26][29]. - **Credit System**: Agents will consume credits, which are included in subscription tiers, allowing for additional purchases as needed. This model is still in early stages but shows promise for future revenue [33][35]. Growth Drivers - **Multi-Hub Adoption**: The majority of HubSpot's customers are now using multiple hubs, indicating a shift from single product usage to a more integrated platform approach [52][55]. - **Upmarket Focus**: HubSpot is targeting companies with 500 to 2,000 employees, enhancing product usability and building a partner ecosystem to support this segment [61][66]. - **Pricing Changes**: Recent adjustments to pricing, including lowering seat prices and removing minimums, are expected to drive customer upgrades and retention [99][103]. Financial Performance and Projections - **Net New ARR**: There has been a consistent improvement in Net New ARR since Q1 2023, although overall revenue growth has not yet fully reflected this trend due to the larger revenue base [115][121]. - **Operating Margins**: HubSpot has increased its operating margin from 10% to over 18% and aims for a medium-term target of 25% [144]. Capital Allocation - **M&A Strategy**: HubSpot focuses on tuck-in acquisitions to enhance customer experience and accelerate product development. Recent acquisitions include companies that improve data processing and integration capabilities [159]. - **Share Buybacks**: HubSpot completed a $500 million share buyback, indicating a commitment to returning value to shareholders while pursuing growth opportunities [161]. Conclusion HubSpot is strategically positioned to leverage AI and expand its market presence among small to mid-sized businesses. The company's focus on integrating AI, enhancing customer experience, and maintaining a balanced approach to growth and profitability will be crucial for its future success.

I had a buy rating for HubSpot ( HUBS ) previously as execution was solid, and I remained confident that a return to double-digit growth is possible. I am keeping a buy rating on HUBS because theI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment runway, and ...

Core Viewpoint - The analyst maintains a buy rating for HubSpot (HUBS) due to solid execution and potential for a return to double-digit growth [1] Group 1: Investment Philosophy - The investment approach is fundamentally driven, focusing on identifying businesses with potential for scaling and unlocking significant terminal value [1] - Key factors considered include competitive moat, unit economics, reinvestment runway, and management quality, which are essential for long-term free cash flow generation and shareholder value creation [1] - The analyst emphasizes the importance of fundamental research and targets sectors with strong secular tailwinds [1] Group 2: Professional Background - The analyst has 10 years of experience in investment banking and is currently managing personal funds sourced from friends and family [1] - The motivation for writing is to share investment insights and receive feedback from fellow investors, aiming to help readers focus on long-term equity value drivers [1] - The analyst believes that good analysis should be both analytical and accessible, contributing value to readers seeking high-quality, long-term investment opportunities [1]

We came across a bullish thesis on HubSpot, Inc. on StockOpine’s Newsletter’s Substack by StockOpine. In this article, we will summarize the bulls’ thesis on HUBS. HubSpot, Inc.'s share was trading at $373.32 as of December 2nd. HUBS’s forward P/E was 32.68 according to Yahoo Finance. Photo by Austin Distel on Unsplash HubSpot (NYSE: HUBS), the pioneer of inbound marketing, is at a pivotal inflection point as it transforms from a marketing platform into an AI-first CRM leader. Founded in 2006 to serve s ...

Group 1: Investment Outlook - HubSpot Inc. (NYSE:HUBS) is considered one of the best falling stocks to buy, holding a Strong Buy consensus from 27 analysts, with 23 Buys, 4 Holds, and no Sells [1] - The average price target for HubSpot is $589.08, with a range from $450 to $800, indicating a potential upside of 59.71% from the current price of $368.84 [1] Group 2: AI Integration Strategy - HubSpot's CEO, Yamini Rangan, emphasized a hybrid monetization strategy focused on making artificial intelligence accessible to small and medium businesses during the Wells Fargo's 9th Annual TMT Summit [2] - The plan includes embedding AI technology across all product lines, such as Customer Agent and Data Agent, while utilizing extensive customer data to enhance product effectiveness [3] Group 3: Market Challenges - Rothschild Redburn downgraded HubSpot's stock to Neutral from Buy and reduced the price target from $610 to $450, citing concerns over the company's resilience amid potential AI disruption and expectations of slower net customer additions [4] - HubSpot provides a customer platform for marketing, sales, and customer service, with a core offering that includes a cloud-based Customer Relationship Management (CRM) tool [5]

POLAND - 2025/09/28: In this photo illustration, the HubSpot company logo is seen displayed on a smartphone screen with United States dollar banknotes in the background. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesHubSpot (HUBS) stock has dropped by 24.5% in under a month, decreasing from $494.58 on 3rd Nov, 2025 to $373.32 currently. What’s next? We believe that the stock may decline further. The current adjustment, when viewed in the c ...

POLAND - 2025/09/28: In this photo illustration, the HubSpot company logo is seen displayed on a smartphone screen with United States dollar banknotes in the background. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesHubSpot (HUBS) stock has dropped by 24.5% in under a month, decreasing from $494.58 on 3rd Nov, 2025 to $373.32 currently. What’s next? We believe that the stock may decline further. The current adjustment, when viewed in the c ...

We recently published 10 Best Strong Buy AI Stocks to Invest In.  HubSpot, Inc. (NYSE:HUBS) is one of the best consumer cyclical stocks. HubSpot, Inc. (NYSE:HUBS) is a software company that provides customer relationship management products and services. The firm’s Smart CRM platform enables customers to consolidate their data, teams, and tech stacks under a single platform. On November 6th, Evercore ISI maintained an In Line rating for HubSpot, Inc. (NYSE:HUBS)’s shares and reduced the price target to $ ...