Customer relationship manager HubSpot could see "another leg of growth" from artificial intelligence, according to Bank of America.
"AI interest is palpable," analyst Brad Sills wrote in a Friday note.
"We view HubSpot as the winner in the vast SMB front office applications category, with the leading platform, channel and brand."
"HubSpot is a natural AI play, with the largest data set (1bn+ transactions and 177,000 customers) residing in one organically built platform, enabling rapid development of AI offerings," Sills said.
Although shares have surged 92% year to date, Bank of America believes the stock is still trading at a discount relative to the large-cap software group.
Persons:
HubSpot, Brad Sills, Sills, — CNBC's Michael Bloom
Organizations:
Bank of America