HubSpot posts strong Q1 revenue and profit growth despite analyst price target cut.

HubSpot reported robust Q1 2026 revenue of $881 million, up 23% year-over-year, driven mainly by subscription sales. The company turned a GAAP operating loss into a $27.9 million operating income and posted a GAAP net income of $32.6 million, showing significant profitability improvement. Despite these strong results, Jefferies analyst Samad Samana lowered the price target from $325 to $250 due to concerns about HubSpot's 2026 outlook, including AI pricing changes and longer sales cycles. HubSpot's full-year revenue guidance remains strong at around $3.7 billion, but the price target cut signals caution about near-term growth.