Mizuho Securities downgrades Freshworks (FRSH) to a Hold
Freshworks received a Hold rating and price target from Mizuho Securities analyst today.
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In addition to Mizuho Securities, Freshworks also received a Hold from Jefferies’s Brent Thill in a report issued today. However, on February 11, Canaccord Genuity maintained a Buy rating on Freshworks (NASDAQ: FRSH).
Based on Freshworks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $222.74 million and a net profit of $191.45 million. In comparison, last year the company earned a revenue of $194.57 million and had a GAAP net loss of $21.9 million
Read More on FRSH:
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- Freshworks downgraded to Hold from Buy at Jefferies
- Freshworks Earnings Call: AI, EX Drive Profitable Growth
- Freshworks price target lowered to $11 from $17 at UBS
- Freshworks: Conservative Guidance Masks Underlying Strength in Enterprise and Employee Experience Growth, Supporting Buy Rating
- Freshworks price target lowered to $10 from $16 at Baird
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