13 Best Technology Stocks to Buy for Long-Term Investment

9. HubSpot Inc. (NYSE:HUBS)

3-Year Revenue CAGR: 24.41%

Number of Hedge Fund Holders: 73

HubSpot Inc. (NYSE:HUBS) provides a cloud-based CRM platform that includes Marketing Hub, Sales Hub, Service Hub, Content Hub, Operations Hub, and Commerce Hub. It also provides professional services to educate and train customers on how to utilize its CRM platform.

On May 13, Citi raised the price target on HubSpot to $759 from $750 while maintaining a Buy rating on the shares. This adjustment followed the company’s solid Q1 2025 results driven by multi-hub adoption and AI opportunity, despite the macro backdrop. The quarterly revenue totaled $714.14 million, which was up 15.67% year-over-year.

In this quarter, over 37% of Pro+ customers by ARR were also utilizing four or more HubSpot hubs, which was a 7-point increase year-over-year. Pro+ customers are the company’s subscribers on Professional or Enterprise tiers. HubSpot also saw the highest-ever increase in new Pro+ customers starting with the full platform in Q1. This led to the increased adoption of core seats among Pro+ customers, with 24% purchasing additional core seats.

TimesSquare Capital Management U.S. Focus Growth Strategy stated the following regarding HubSpot, Inc. (NYSE:HUBS) in its Q4 2024 investor letter:

“Among the wide variety of Information Technology companies, we prefer critical system providers, specialized component designers, systems that improve productivity or efficiency for their clients, and others that are growing their shares of corporate IT budgets. Another addition to the sector was HubSpot, Inc. (NYSE:HUBS), a cloud-based customer relationship management platform provider. Its execution has been stellar, with a best-in-class software product driven by a robust innovation engine, a unified underlying data architecture platform, and a focus on the small-to-mid business market where we see high potential for productivity improvements from Generative AI innovation, They subsequently reported a strong third quarter earnings report was highlighted by billings growth and the new business backlog has accelerated. HubSpot added 10,000 net new customers in the quarter.”