Freshworks (NASDAQ:FRSH) Given New $20.00 Price Target at Cantor Fitzgerald

Freshworks (NASDAQ:FRSH) had its price target lifted by stock analysts at Cantor Fitzgerald from $15.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective would indicate a potential upside of 41.34% from the company’s current price.

Several other research analysts have also commented on the stock. Weiss Ratings raised shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. Oppenheimer reiterated a “market perform” rating on shares of Freshworks in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating on shares of Freshworks in a report on Wednesday. Piper Sandler lifted their target price on Freshworks from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.46.

Freshworks Price Performance

Freshworks stock opened at $14.15 on Wednesday. The company has a market cap of $3.69 billion, a PE ratio of 22.11, a P/E/G ratio of 9.47 and a beta of 0.80. The company has a fifty day moving average price of $13.47 and a two-hundred day moving average price of $10.48. Freshworks has a 12 month low of $6.79 and a 12 month high of $15.51.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $245.43 million for the quarter, compared to analysts’ expectations of $245.06 million. Freshworks had a net margin of 20.49% and a return on equity of 5.52%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. Equities research analysts anticipate that Freshworks will post 0.05 earnings per share for the current year.

Insider Buying and Selling

In other Freshworks news, CAO Philippa Lawrence sold 52,767 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $13.25, for a total value of $699,162.75. Following the sale, the chief accounting officer owned 389,296 shares in the company, valued at approximately $5,158,172. This trade represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nykredit A S acquired a new stake in Freshworks in the 2nd quarter valued at approximately $28,000. Provenance Wealth Advisors LLC acquired a new position in Freshworks during the 3rd quarter worth $28,000. Root Financial Partners LLC acquired a new position in Freshworks during the 3rd quarter worth $29,000. Meeder Asset Management Inc. boosted its position in Freshworks by 164.0% during the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after acquiring an additional 3,824 shares during the period. Finally, Summit Securities Group LLC grew its stake in shares of Freshworks by 186.3% in the first quarter. Summit Securities Group LLC now owns 6,043 shares of the company’s stock worth $49,000 after purchasing an additional 3,932 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Freshworks News Summary

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Q3 adjusted earnings were $0.22 per share, above the $0.18 consensus and up from $0.16 a year earlier. Revenue increased 14% year over year to $245.4 million, slightly ahead of estimates. Freshworks Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company reported record adjusted free cash flow of $73.9 million, up 29% year over year, and GAAP net income of $18.3 million. It also marked its ninth consecutive quarter meeting the Rule of 40, indicating a combination of growth and profitability. Freshworks Reports Record Third Quarter 2026 Results
• Positive Sentiment: Freshworks forecast 2026 revenue of $965 million to $966 million and said it is targeting more than $0.94 in adjusted free cash flow per share, offering investors a full-year growth and cash-generation outlook. 2026 Revenue and Free Cash Flow Outlook
• Neutral Sentiment: Although revenue edged past estimates, sales were essentially in line, rather than a substantial top-line beat. That may have limited the impact of the stronger earnings and cash-flow results. Freshworks Q3 Sales and Market Reaction

Freshworks Company Profile

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and enterprise service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and customer engagement.