Jefferies Upgrades Freshworks to Buy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has upgraded Freshworks (NASDAQ:FRSH) from Hold to Buy and increased the price target from $20 to $30, indicating a more positive outlook on the company's stock.

January 05, 2024 | 12:47 pm
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Freshworks has been upgraded by Jefferies from Hold to Buy with a raised price target from $20 to $30, suggesting a bullish sentiment on the stock's future performance.
Upgrades by analysts, especially from Hold to Buy, typically signal confidence in a company's prospects and can lead to increased investor interest and a potential rise in stock price. The substantial increase in the price target from $20 to $30 by a reputable firm like Jefferies further underscores the positive outlook and may have a strong impact on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100