Software stocks have been on a tear since generative AI entered the picture. But not all of them will be worthy of your portfolio. In the latest Good Buy or Goodbye, RBC Capital Markets Software Equity Analyst Rishi Jaluria explains why he’s long HubSpot (HUBS) but is skipping ZoomInfo (ZI).
Jaluria likes HubSpot for a few reasons. He says the company is not only gaining share in the customer relationship management space thanks to its single-platform approach, but that it’s seeing success with multi-platform product adoption. Jaluria also thinks HubSpot has "probably one of the most impressive AI roadmaps of any company in front-office application software."
Jaluria is skipping ZoomInfo. He says increased competition and increasing macro-pressures are negatives for the stock. He also thinks generative AI and large language models pose a risk to the company.
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