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Freshworks initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Ryan MacWilliams initiated coverage of Freshworks (FRSH) with an Equal Weight rating and $13 price target The company offered a “reasonable” revenue target of $845M for the EX segment at its 2025 Investor Day and the firm has been “pleased with the consistent growth in that offering,” but it remains cautious on the company’s CX segment, the analyst tells investors.

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