Reported 1 day ago
Needham analyst Scott Berg reaffirmed a Buy rating and a price target of $25 for Freshworks Inc. (NASDAQ:FRSH) following the company's Analyst Day on September 12. Freshworks presented its strategy for achieving increased organic revenue growth and financial performance under a 'Rule of 45' framework. While the potential for margin improvement appears strong, concerns remain about sustaining 20% growth in the EX segment and reaching over $100M in ITAM ARR. The firm noted that larger deal sizes and competitive offerings could drive growth.
Source: YAHOO