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Freshworks Price Target Raised by Analyst
An analyst firm has increased its price target for Freshworks Inc. shares from $10.00 to $15.00.
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Shares of software companies are trading higher as the sector rebounds from recent weakness. Also, recent economic data raised expectations that the Fed will skip interest rate hikes this month.
Freshworks to Extend Freshservice into AI and Software Spend Governance with Agreement to Acquire Torii
Freshworks has signed a definitive agreement to acquire Torii, a SaaS and AI spend management platform. The acquisition aims to extend Freshservice's capabilities to provide IT teams with unified visibility into software applications, licenses, identities, and AI consumption costs. The deal is expected to close in Q4 2026.