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

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

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.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:00 pm

Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Freshworks (NASDAQ:FRSH) but lowered the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:46 pm

Porsche eBike Performance, launched in 2022 to innovate in the e-bike sector, has partnered with Freshworks to enhance IT efficiency through AI-powered enterprise software. This collaboration aims to standardize processes and improve support for Porsche eBike's rapidly expanding team of over 300 employees.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:06 am

Wolfe Research analyst Alex Zukin has upgraded Freshworks (NASDAQ:FRSH) from Peer Perform to Outperform, setting a new price target of $27.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 11:06 am

Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating on Freshworks (NASDAQ:FRSH) and maintained a $25 price target.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 6:45 pm

Freshworks (NASDAQ:FRSH) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for FRSH has been raised to $29.25, indicating a 24.47% increase from the previous target. Analysts from JMP Securities, Jefferies, Piper Sandler, and Needham have all raised their price targets, reflecting optimism about the company's market performance and product offerings. Despite this, Freshworks faces challenges in net margin and ROA, indicating potential profitability and asset utilization issues.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:01 pm

JMP Securities has reaffirmed its Market Outperform rating for Freshworks (NASDAQ:FRSH), increasing its price target from $25.00 to $29.00. Freshworks' shares have risen 4.03% in the last 24 hours to $22.70. The new price target suggests a potential 27.75% increase from the current price. Freshworks provides a SaaS platform for SMBs to support customers across various channels and has expanded into Sales and Marketing automation products.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:00 pm

JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on Freshworks (NASDAQ:FRSH) and raises the price target from $25 to $29.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:02 pm

Freshworks (NASDAQ:FRSH) reported Q4 earnings with an EPS of $0.08, beating estimates by 60% and showing a revenue increase of $26.94 million from the previous year. Despite past earnings beats, the company experienced a 2.17% drop in share price following the last quarter's results.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 9:35 pm

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