JMP Securities Maintains Market Outperform Rating for Freshworks: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has reaffirmed its Market Outperform rating for Freshworks (NASDAQ:FRSH), increasing its price target from $25.00 to $29.00. Freshworks' shares have risen 4.03% in the last 24 hours to $22.70. The new price target suggests a potential 27.75% increase from the current price. Freshworks provides a SaaS platform for SMBs to support customers across various channels and has expanded into Sales and Marketing automation products.
February 07, 2024 | 5:00 pm
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JMP Securities maintains Market Outperform rating for Freshworks, raising price target from $25 to $29. Shares have increased by 4.03% to $22.70, indicating a potential 27.75% rise.
The reaffirmation of the Market Outperform rating and the increase in price target by JMP Securities are strong positive signals for Freshworks. The analyst's upgrade typically reflects a positive outlook on the company's future performance, which can influence investor sentiment and potentially drive the stock price up. The recent 4.03% increase in share price further supports the positive momentum. Given the analyst's influence and the specifics of the upgrade, there's a high likelihood of continued positive short-term price movement.
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