Barclays Maintains Equal-Weight on Freshworks, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Freshworks (NASDAQ:FRSH) and lowers the price target from $20 to $15.
May 03, 2024 | 2:23 pm
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Barclays maintains an Equal-Weight rating on Freshworks and lowers the price target from $20 to $15.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in FRSH's stock price. The Equal-Weight rating suggests that the analyst sees the stock performing in line with the market, but the lowered price target indicates a revision of the expected performance level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100