Canaccord Genuity Maintains Buy on Freshworks, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $27 to $20.

May 03, 2024 | 9:24 pm
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Canaccord Genuity maintains a Buy rating on Freshworks but lowers the price target from $27 to $20.
While the Buy rating reaffirms confidence in Freshworks' fundamentals and growth potential, the reduction in price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing optimism with caution.
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