Freshworks, GoDaddy, ServiceNow among SaaS software price target cut at Morgan Stanley on slowing demand

Jul. 14, 2022 11:50 AM ETNOW, WIX, GDDY, HUBS, XM, ZETA, RAMP, SPT, ZI, VERX, BIGC, MTTR, LZ, FRSH, AMPL, USERBy: Niloofer Shaikh, SA News Editor1 Comment

With increased evidence of a slowing demand environment, Morgan Stanley has cut price targets across its SaaS software stock coverage and 2022/2023 revenue estimates by 1%/3% ahead of a potential “downtick in growth outlook”.

Morgan Stanley has reduced 2022 billings estimates by

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