Freshworks Announces CEO Transition
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May 2, 2024 6:30 AM EDT
Oppenheimer analyst Brian Schwartz downgraded Freshworks Inc (NASDAQ: FRSH) from Outperform to Perform.
The analyst comments "We lower our rating on FRSH to Perform from Outperform and remove our $26 PT as the growth-profile adversely changed from the SMB headwinds and leadership abruptly... More
May 2, 2024 5:36 AM EDT
JPMorgan analyst Pinjalim Bora lowered the price target on Freshworks Inc (NASDAQ: FRSH) to $19.00 (from $24.00) while maintaining a Overweight rating.
The analyst comments "Freshworks reported a curve-ball of a quarter, as reported billings growth landed below expectations. Our understanding is that the main reason for the billings miss was the negative impact of a challenging, but consistent, SMB business environment on a seasonally bigger SMB quarter, which was not completely contemplated within the guidance framework. This... More
