Where Freshworks Stands With Analysts
Portfolio Pulse from Benzinga Insights
Freshworks (NASDAQ:FRSH) has received mixed analyst ratings over the past three months, with 3 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $23.86, down 7.52% from the previous $25.80. Notable analyst actions include Scott Berg of Needham raising the target to $30.00, while others like Taylor McGinnis of UBS and Raimo Lenschow of Barclays have lowered their targets. Freshworks provides SaaS solutions for businesses and has seen a 19.25% revenue growth rate as of September 30, 2023, but faces challenges with a net margin of -20.21% and an ROE of -2.93%.

December 28, 2023 | 12:00 pm
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NEUTRAL IMPACT
Freshworks has a mixed bag of analyst ratings with a lowered average price target of $23.86. The company's revenue growth is strong, but profitability and return metrics are below industry averages.
The mixed analyst ratings and the decrease in the average price target suggest a neutral short-term impact on FRSH's stock price. The strong revenue growth is positive, but concerns about profitability and returns could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100