Bank of America reinstates HubSpot with Buy rating, sees 71% drawdown as a buying opportunity.

Bank of America analyst Matt Bullock reinstated coverage on HubSpot with a Buy rating and a $300 price target, citing the stock's 64% drop from 2025 highs as an attractive entry point. The firm expects HubSpot to reaccelerate revenue growth to around 20% in 2026, supported by strong recent quarterly results and a $1 billion share repurchase program. Despite AI-related risks, the current valuation offers a favorable risk-reward balance. The stock trades at a more reasonable forward P/E of about 20x, down from a trailing 277x, with broad analyst support and institutional buying signaling confidence in HubSpot's growth potential.