Baird Downgrades Freshworks to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Rob Oliver downgraded Freshworks (NASDAQ:FRSH) from Outperform to Neutral and reduced the price target from $28 to $16.
May 02, 2024 | 9:11 am
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NEGATIVE IMPACT
Freshworks was downgraded by Baird from Outperform to Neutral, with a significant reduction in price target from $28 to $16.
The downgrade by a prominent analyst and a substantial reduction in the price target are likely to negatively impact investor sentiment and potentially lead to a short-term decline in Freshworks' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100