Reported 2 days ago
UBS has reaffirmed its Buy rating and $19 price target on Freshworks Inc. (NASDAQ:FRSH), highlighting the company’s appealing valuation amidst execution risks. Despite cautious market sentiment due to past revenue target misses and challenges in the SaaS model, Freshworks aims for over $1.2 billion in revenue by FY 2028, with significant free cash flow. Analyst Taylor McGinnis believes that if the company can achieve consistent mid-teens growth, the stock may experience notable upside.
Source: YAHOO