Freshworks price target raised to $19 from $17 at Scotiabank

Scotiabank analyst Nick Altmann raised the firm’s price target on Freshworks (FRSH) to $19 from $17 and keeps a Sector Perform rating on the shares. The company’s FY25 outlook was slightly ahead of consensus, with Freddy AI continuing to be a highlight, the analyst tells investors. Additionally, Freddy Copilot is tracking ahead of internal targets and expects meaningful monetization progress in CY25, the firm adds.