Freshworks price target raised to $25 from $17 at BofA

BofA raised the firm’s price target on Freshworks to $25 from $17 and keeps a Neutral rating on the shares following Q2 results that were stronger than the firm expected. While the firm came away from Q2 “incrementally positive” and views results as “another proof point for continued up-market traction and demonstration of leverage,” BofA sees limited upside potential from here as shares already trade at what it calls “a decent premium to mid-cap software peers.”