Oppenheimer lowered the firm’s price target on Freshworks (FRSH) to $19 from $24 on group multiple compression, while keeping an Outperform rating on the shares. The Q1 risk/reward leans favorable for Freshworks with NRR bottoming, margins ramping, and valuation compelling, given the company’s growth and cash generation, the firm says.
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Read More on FRSH:
- Freshworks launches partner program with expanded reseller, services offerings
- Freshworks price target lowered to $20 from $22 at Jefferies
- Strategic Expansion and New Partnerships Poised to Drive Freshworks’ Growth
- Freshworks management to meet with Citizens JMP
- Freshworks, Unisys announces strategic relationship
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