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Stock impact report

Citizens and Oppenheimer Cut Freshworks Inc. (FRSH) Price Targets After Q4 Results [Yahoo! Finance]

Freshworks Inc. (FRSH) 
Last freshworks inc. earnings: 3/14 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Citizens and Oppenheimer Cut Freshworks Inc. (FRSH) Price Targets After Q4 Results On February 11, Citizens lowered its price target on Freshworks Inc. (NASDAQ:FRSH) from $27 to $16 and kept its Market Outperform rating on the stock. This update came after the company reported Q4 results, which beat market expectations with non-GAAP earnings per share of $0.14 compared to the consensus estimate of $0.12. Citizens also noted that Freshworks Inc.'s (NASDAQ:FRSH) Freddy AI annual recurring revenue reached $25 million in the quarter, up from $20 million in the previous quarter. Also on February 11, Oppenheimer cut its price target on Freshworks Inc. (NASDAQ:FRSH) from $18 to $15 and maintained its Outperform rating on the stock. Oppenheimer said the company reported “good” Q4 results, with support from momentum across its EX business and AI products. However, the research firm reduced its price target because of “lower peer group multiples.” Oppenheimer pointed to steady revenue Show less Read more
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