Canaccord lowered the firm’s price target on Freshworks to $20 from $27 and keeps a Buy rating on the shares. The firm said they posted a challenging quarter, as customer adds in the greater than$5K segment were light, billings growth slowed, NRR ticked down a bit, and the company lowered the full-year revenue outlook from 19% growth to 17%.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FRSH:
- Freshworks price target lowered to $18 from $27 at UBS
- Freshworks price target lowered to $18 from $22 at Morgan Stanley
- Freshworks price target lowered to $21 from $29 at JMP Securities
- Freshworks price target lowered to $19 from $25 at Cantor Fitzgerald
- Freshworks price target lowered to $19 from $24 at JPMorgan