Morgan Stanley analyst Keith Weiss lowered the firm’s price target on Freshworks to $22 from $24 and keeps an Equal Weight rating on the shares. Continued momentum in ITSM and improved customer mixshift upmarket drove a Q3 beat, but the firm contends that strong execution and early Gen AI opportunity is already reflected in Freshworks’ “premium valuation.”
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Read More on FRSH:
- Freshworks price target lowered to $20 from $25 at Barclays
- Freshworks raises FY23 EPS view to 23c-25c from 18c-22c, consensus 20c
- Freshworks sees Q4 EPS 4c-6c, consensus 5c
- Freshworks Reports Third Quarter 2023 Results
- Freshworks reports Q3 EPS 8c, consensus 5c
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