Freshworks price target raised to $20 from $14 at Barclays

Barclays raised the firm’s price target on Freshworks (FRSH) to $20 from $14 and keeps an Equal Weight rating on the shares post the Q4 report. The company’s operating margin expansion and growth were highlights, although Barclays would like more certainty around the timing of an net dollar retention rate rebound before becoming more constructive, the analyst tells investors in a research note.