HubSpot: Valuation Is Cheap Relative To The Solid Growth Runway (NYSE:HUBS)

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 ...