Barclays downgrades HubSpot and monday.com to Equal‑Weight over delayed AI benefits
Barclays lowered its rating on HubSpot (HUBS) and monday.com (MNDY) from Overweight to Equal‑Weight ahead of their Q3 earnings. The analyst said AI‑driven revenue growth has not yet materialised at either company and the timing of acceleration is now the key question. Barclays expects AI benefits to become visible later, with HubSpot’s AI monetisation projected only for the second half of 2027.
Why it matters
The downgrade reduces the firms’ weight in Barclays‑managed portfolios, which could pressure their share prices ahead of earnings. Barclays also signals that investors should not count on near‑term AI‑driven earnings acceleration at these stocks.
Key facts
- 1Barclays downgraded HubSpot and monday.com to Equal‑Weight from Overweight. finance.yahoo.com
- 2Analyst Raimo Lenschow expects Azure revenue growth in the mid‑40% range. finance.yahoo.com
- 3Office revenue growth is expected in the high‑teens, at 17% adjusted in constant currency. finance.yahoo.com
- 4CoreWeave’s adjusted operating margin is projected to rise to about 14% from 5%. finance.yahoo.com
- 5HubSpot’s AI monetisation is seen as a second‑half 2027 story, with deal cycles now about five months long. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.