Needham Maintains Buy on Freshworks, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg maintains a Buy rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $30 to $20.
May 20, 2024 | 10:22 am
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NEUTRAL IMPACT
Needham analyst Scott Berg maintains a Buy rating on Freshworks but lowers the price target from $30 to $20.
The maintained Buy rating suggests continued confidence in Freshworks' long-term potential, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100