In a recent assessment, Scotiabank has revised its price target for Freshworks (FRSH, Financial), adjusting it downwards from $19 to $14. Despite this adjustment, the firm has maintained its Sector Perform rating for the company.
The revision comes as part of a broader update on U.S. software system stocks following recent market declines. Scotiabank's evaluation takes into consideration expected challenges, particularly the impact of tariffs, which are anticipated to become more apparent in the second quarter and the latter half of the year.
Despite these uncertainties, Scotiabank continues to have a favorable outlook for Freshworks, suggesting potential for the company within the current market dynamics.
