Freshworks initiated with an Outperform at FBN Securities

FBN Securities analyst Shebly Seyrafi initiated coverage of Freshworks with an Outperform rating and $20 price target. The company has built an "elegant platform" to provide three key services to customers, namely customer experience through its Freshdesk service, ITSM through its Freshservice service and sales and marketing through its Freshsales service, says the analyst, who adds that Freshworks is "executing well" on its "land and expand strategy," particularly with larger customers.