Freshworks price target raised to $17 from $15 at Canaccord

Canaccord analyst David Hynes raised the firm’s price target on Freshworks to $17 from $15 and keeps a Hold rating on the shares. The analyst said while Freshworks’ growth metrics continued to soften, as has generally been the case across software, we’d characterize the firm’s Q4 results as a bit better than expected. Canaccord noted expansion growth remains pressured as organic agent seat expansion just isn’t happening at the same pace as it has in the past.