Morgan Stanley Maintains Equal-Weight on Freshworks, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Freshworks (NASDAQ:FRSH) but lowered the price target from $24 to $22.

April 17, 2024 | 4:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Freshworks, with a reduced price target from $24 to $22.
The reduction in price target by Morgan Stanley could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Freshworks. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a revision of the expected future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100