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Freshworks price target lowered to $19 from $24 at Oppenheimer

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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