Investing.com -- Wells Fargo downgraded HubSpot to Equal Weight from Overweight and slashed its price target to $225 from $300, arguing that the software company's broad artificial intelligence transition is creating near-term uncertainty despite strengthening its long-term competitive position. Wells Fargo said infrastructure software names such as Datadog and Cloudflare remain better positioned into earnings, while HubSpot needs to demonstrate stronger adoption and monetization of its AI products before investor sentiment can improve. The brokerage said HubSpot is undertaking several strategic initiatives, including changes to AI pricing, go-to-market strategy and product positioning around AI. While Wells Fargo believes these moves are the right long-term decisions, it said they complicate the company's near-term outlook at a time when investors are seeking clearer evidence of improving financial performance and AI monetization. Related articlesWells Fargo cuts HubSpot to Equal Weight as AI transition clouds near-term outlookJPMorgan outlines ten strategic themes that could shape the outlook for 2026This sector is 'poised for a big, beautiful year': Truist