HubSpot: Risks Mounting, But Valuation Is Too Cheap To Ignore

HubSpot remains a "Buy" despite post-earnings volatility and AI-driven churn fears, offering a de-risked entry point after a recent selloff. HUBS delivered a Q1 beat and raise, with 23% y/y revenue growth and improved full-year guidance, signaling strong execution amid macro headwinds. Valuation is attractive at 15.7x FY26 P/E (13.0x ex-cash), supported by consistent margin expansion, robust cash flow, and positive GAAP/non-GAAP earnings.