BofA analyst Adam Bergere lowered the firm’s price target on Freshworks to $23 from $25 and keeps a Neutral rating on the shares after Freshworks reported “solid” Q3 results and raised its calendar 2024 billings growth outlook to up 20% year-over-year from 19% previously. While there was “not much to pick at for bears,” the firm lowered its price target on Freshworks shares to account for sector multiple compression.
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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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