HubSpot price target cut to $325 but Buy rating stays as AI threat seen as overstated by partners.

Stifel lowered HubSpot's price target from $375 to $325 while maintaining a Buy rating after discussions with key partners who believe AI tools currently do not threaten HubSpot's CRM business. Despite a 37% drop this year and nearly 60% over the past year, partners reported strong Q1 performance and pushed back on fears that AI will disrupt HubSpot's platform. The company beat Q4 revenue and earnings estimates and expects continued growth in 2026. The target cut reflects market valuation adjustments, not a change in HubSpot's fundamentals, supported by solid execution and partner confidence.