JMP Securities raised the firm’s price target on Freshworks to $29 from $25 and keeps an Outperform rating on the shares. Freshworks reported better than expected Q4 results, and while guidance implies less than 100 basis points of operating leverage expansion in 2024, JMP continues to like Freshworks an as attractive opportunity for long-term capital appreciation, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FRSH:
- Freshworks Reports Fourth Quarter and Full Year 2023 Results
- Freshworks, Inc. Class A (FRSH) Q4 Earnings Cheat Sheet
- JPMorgan ups Freshworks target but ‘tactically cautious’ into earnings
- Freshworks Announces Strategic Collaboration Agreement with AWS to Increase the Reach of its AI-boosted Software-as-a-Service
- Freshworks enters collaboration agreement with AWS