HUBS has flown under the investor radar recently, as a 2-year fall has likely scarred SaaS investors. However, the stock has recently gained 4/4 model consensus from our Multi-model Signals, which makes it a strong candidate for the Systematic Portfolio in the coming week.
In this deep dive, we look at whether HubSpot's business can support a comeback. Q2 revenue grew 19.8% YoY, but net customer additions missed management's expectations, and management has guided growth lower.
At the same time, AI agent adoption is climbing fast, margins are widening towards new 2030 targets, and buybacks are shrinking the share count. We then weigh a valuation near its two-year low against the chart breakout and our Multi-model Signals.
Housekeeping: I will write about META next, as it also entered 4/4 model agreement today. We will also be able to observe META’s post-earnings price reaction.
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DISCLAIMER: This newsletter is intended for educational purposes only. Any information or analysis in this note does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice, nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.