On Nov 08, major Wall Street analysts update their ratings for $Freshworks (FRSH.US)$, with price targets ranging from $14 to $24.
J.P. Morgan analyst Pinjalim Bora maintains with a buy rating, and adjusts the target price from $17 to $20.
Wells Fargo analyst Michael Berg maintains with a hold rating, and maintains the target price at $14.
Baird analyst Robert Oliver maintains with a hold rating, and adjusts the target price from $16 to $15.
Needham analyst Scott Berg maintains with a buy rating, and maintains the target price at $20.
Piper Sandler analyst Brent Bracelin maintains with a buy rating, and adjusts the target price from $13 to $18.
Furthermore, according to the comprehensive report, the opinions of $Freshworks (FRSH.US)$'s main analysts recently are as follows:
The company reported a strong third quarter, with revenue surpassing expectations and an upward revision, alongside more favorable margin guidance.
Analysts note that despite Freshworks delivering a quarter in line with expectations when adjusted for Device42, there are anticipations of near-term disruptions. These disruptions are expected to stem from a reduction in force by 13%, changes in the go-to-market strategy, and revised lower revenue projections with a preliminary outlook for FY25. It is anticipated that the company's shares will stay within a certain trading range during the period it navigates through these shifts in focus.
Here are the latest investment ratings and price targets for $Freshworks (FRSH.US)$ from 8 analysts:
Note:
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