Morgan Stanley raised the firm’s price target on Freshworks (FRSH) to $19 from $18 and keeps an Equal Weight rating on the shares. The recent reduction to the Street’s FY25 revenue view reduces estimate risk, while early signs of Freddy AI adoption can improve investor perception of Freshworks as an AI- beneficiary, the analyst tells investors.
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Read More on FRSH:
- Freshworks price target raised to $16 from $14 at Wells Fargo
- Freshworks price target raised to $20 from $18 at Piper Sandler
- Freshworks call volume above normal and directionally bullish
- Freshworks price target raised to $20 from $17 at Wolfe Research
- Freshworks names Srinivasan Raghavan as Chief Product Officer