Freshworks price target raised to $27 from $24 at JMP Securities

JMP Securities raised the firm’s price target on Freshworks (FRSH) to $27 from $24 and keeps an Outperform rating on the shares. Freshworks reported better-than-expected Q4 results, with adjusted earnings per share up 22% year over year and operating margin up 21%, as well as mostly better-than-expected guidance, the analyst tells investors in a research note. JMP continues to like the story as an attractive opportunity for long-term capital appreciation.