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Freshworks price target raised to $18 from $14 at Scotiabank

Scotiabank raised the firm’s price target on Freshworks (FRSH) to $18 from $14 and keeps a Sector Perform rating on the shares. The firm believes that if broader macro weakness should surface, the company is well positioned given its time to return on investment remains attractive and its average selling prices are at a steep discount to peers.

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