Expert Outlook: Freshworks Through The Eyes Of 11 Analysts
Portfolio Pulse from Benzinga Insights
11 analysts have recently shared mixed evaluations of Freshworks (NASDAQ:FRSH), with a range of bullish to bearish perspectives. The average 12-month price target for FRSH is now $21.82, down from $25.38, indicating a 14.03% decrease. Analysts from firms like Needham, Canaccord Genuity, and Barclays have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Freshworks's financial indicators show a revenue growth rate of 20.23% but lag behind industry peers in profitability and efficiency metrics.
May 08, 2024 | 12:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Freshworks has received mixed analyst ratings with a revised average 12-month price target of $21.82, indicating a potential downside. Financial metrics show revenue growth but below-average profitability and efficiency.
The decrease in the average price target and mixed analyst ratings suggest a cautious or negative outlook for Freshworks in the short term. The company's financial performance, particularly its revenue growth, is positive, but its profitability and efficiency metrics lag behind industry averages, which could be contributing factors to the analysts' revised expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100