Freshworks Inc. (NASDAQ:FRSH) Receives $12.18 Average PT from Analysts

Shares of Freshworks Inc. (NASDAQ:FRSH) have been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $12.1818.

A number of research firms have commented on FRSH. Morgan Stanley lowered their price objective on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Cantor Fitzgerald lowered their price objective on Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of Freshworks in a research note on Wednesday, February 11th. Citigroup restated a “market outperform” rating on shares of Freshworks in a research note on Tuesday. Finally, Robert W. Baird set a $10.00 price objective on Freshworks in a research note on Wednesday, February 11th.

Hedge Funds Weigh In On Freshworks

Hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in Freshworks during the 4th quarter worth $26,000. IFP Advisors Inc increased its stake in shares of Freshworks by 954.9% in the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Freshworks by 560.0% in the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after purchasing an additional 1,932 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Freshworks by 136.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Freshworks in the 4th quarter valued at $36,000. Institutional investors own 75.58% of the company’s stock.

Freshworks Trading Down 6.0%

NASDAQ:FRSH opened at $9.55 on Monday. The stock has a market cap of $2.64 billion, a P/E ratio of 15.40 and a beta of 0.89. The stock has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $9.83. Freshworks has a 1-year low of $6.79 and a 1-year high of $16.05.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.64 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. As a group, sell-side analysts forecast that Freshworks will post -0.02 EPS for the current year.

About Freshworks

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.