Streetbeat News

FRSH

Freshworks Inc.

https://www.freshworks.com

Industry

Software - Application

Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.

Open

16.34

Mkt cap

4.8B

Volume

4.7M

High

16.39

P/E Ratio

-46.26

52-wk high

24.98

Low

15.59

Div yield

N/A

52-wk low

10.81

The article highlights unusual options activity in the Information Technology sector, focusing on whale alerts for stocks like NVDA, TSM, AMD, ASML, MSTR, MU, AVGO, APP, FRSH, and MSFT. These activities indicate potential trading opportunities with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:35 pm

Wells Fargo has initiated coverage on Freshworks with an Equal-Weight rating and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:56 pm

Freshworks (NASDAQ:FRSH) has been evaluated by 7 analysts over the past three months, with a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 11.26% to $16.86. Analysts have lowered their price targets, reflecting a cautious outlook. Freshworks shows strong revenue growth but lags behind industry peers, with challenges in ROE and net margin.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 12:00 pm

Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $17 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 9:11 am

Tiger Global Management has reported a share stake of 2.35 million shares in UnitedHealth Group, dissolved its share stakes in Maplebear and Freshworks, and reduced its share stake in JD.com Inc by 73.8% to 822,715 Class A Sponsored ADS, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 6:18 pm

Scotiabank analyst Nick Altmann maintains a Sector Perform rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $18 to $16.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:48 pm

Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:04 pm

JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $19 to $17.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:35 pm

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

Freshworks (NASDAQ:FRSH) received mixed analyst ratings over the last quarter, with a majority being bullish. Analysts have set a 12-month price target averaging $19.67, a decline from previous targets. The company's financial performance shows positive revenue growth but struggles with profitability and returns.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:01 pm

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