Cantor Fitzgerald analyst Brett Knoblauch initiated coverage of Freshworks with an Overweight rating and $18 price target. The analyst views Freshworks as a "one-stop-shop" for businesses that need customer service, IT service management, and sales and marketing automation tools. The firm believes the company has a superior product that is positioned to deliver "robust growth" over the long term. Freshworks has $1.1bB in cash on its balance sheet and no debt, the analyst points out.
Published first on TheFly
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