Jefferies Maintains Hold Rating for Freshworks: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has maintained its Hold rating for Freshworks (NASDAQ:FRSH) and increased its price target from $23.00 to $24.00. Freshworks' shares are currently trading up 2.47% at $22.44 per share. A move to $24.00 would represent a 6.95% increase from the current share price.
September 11, 2023 | 5:00 pm
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Jefferies has maintained its Hold rating for Freshworks and raised its price target. This could potentially lead to a positive impact on the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, Jefferies, a reputable financial firm, has maintained a Hold rating for Freshworks and raised its price target. This suggests that they see potential value in the stock, which could encourage investors to hold or buy, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100