BUZZ-Freshworks up after Oppenheimer upgrades it to outperform

Reuters

2025/01/17

** Shares of software development firm Freshworks rise 4.4% to $17.5

** Brokerage Oppenheimer upgrades FRSH to "outperform" from "perform"

** Oppenheimer says Freshworks is looking to "turn things around and a thematic play on an improving small and medium-sized business marketing"

** In our view, improving the sales efficiency and showing durable AI revenue monetization are keys to the future growth story for Freshworks — brokerage

** FRSH had fallen 31% in 2024

(Reporting by Juby Anna Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))

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