Freshworks price target raised to $18 from $13 at Piper Sandler

Piper Sandler raised the firm’s price target on Freshworks (FRSH) to $18 from $13 and keeps an Overweight rating on the shares. The preliminary 2025 growth reset to low to mid-teens could mark a potential clearing event for Freshworks alongside the $400M buyback authorization, improving NRR to 107% from 106% last quarter, and another strong quarter of 30%-plus ARR growth in EX, the firm says.