FRSH - Freshworks Becomes A Top Pick For 2024 On Improving Demand Trends Says Analyst | Benzinga
Needham analyst Scot Berg reiterated Buy rating on the shares of Freshworks Inc (NASDAQ: FRSH) and raised the price target from $25 to $30.
The analyst suggests demand for Freshworks' product suite is stable-to-modestly improving, especially at the larger customers who comprise the focus of its GTM strategy.
The analyst notes a major headwind to revenue growth has come from a decline in Net Revenue Retention (NRR) due to the companies expanding teams using Freshworks product less in CY23 than in prior years.
The analyst revealed optimism in the ...