The Latest Analyst Ratings For Freshworks
Portfolio Pulse from Benzinga Insights
Freshworks (NASDAQ:FRSH) has been evaluated by 4 analysts over the last three months, showing a shift towards a more cautious stance with 3 somewhat bullish and 1 indifferent rating recently. The average 12-month price target for FRSH has been raised to $25.75, up from $24.50, indicating a positive outlook on the stock's future performance. Analysts from Morgan Stanley, Wolfe Research, Cantor Fitzgerald, and JMP Securities have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance, which includes a 20.23% revenue growth rate but below-average profitability and efficiency metrics.
April 17, 2024 | 6:00 pm
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POSITIVE IMPACT
Freshworks has seen a cautious but positive shift in analyst sentiment, with an updated average price target of $25.75. Despite strong revenue growth, concerns about profitability and efficiency may temper short-term stock performance.
The increase in the average price target to $25.75 from $24.50, along with a mix of somewhat bullish and indifferent ratings, suggests a cautiously optimistic outlook from analysts. This optimism is supported by a significant revenue growth rate of 20.23%. However, the company's below-average profitability and efficiency metrics, such as net margin, ROE, and ROA, may pose challenges to its short-term stock performance. The adjustments in ratings and price targets by analysts from reputable firms further underscore the relevance of these factors in shaping investor expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100