Freshworks (NASDAQ:FRSH) Stock Gets Price Target Bump from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised Freshworks’ price target from $15 to $20 and maintained an “overweight” rating, implying 41.34% upside from the prior close.
• Freshworks reported quarterly adjusted EPS of $0.22, beating the $0.18 consensus, while revenue rose 14% year over year to $245.4 million and slightly exceeded estimates.
• Analyst sentiment is “Moderate Buy” overall, with an average price target of $15.46—below Cantor Fitzgerald’s new target.

Freshworks (NASDAQ:FRSH - Get Free Report) had its price objective boosted by research analysts at Cantor Fitzgerald from $15.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 41.34% from the stock's previous close.

FRSH has been the topic of a number of other research reports. Robert W. Baird set a $13.00 price objective on shares of Freshworks in a research note on Wednesday, August 5th. KeyCorp began coverage on shares of Freshworks in a research note on Monday, September 14th. They issued an "overweight" rating and a $18.00 target price for the company. Wall Street Zen raised shares of Freshworks from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group lifted their price target on shares of Freshworks from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Needham & Company LLC reaffirmed a "buy" rating on shares of Freshworks in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.46.

Freshworks Stock Performance

FRSH stock opened at $14.15 on Wednesday. The firm has a market cap of $3.69 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 9.47 and a beta of 0.80. Freshworks has a 1 year low of $6.79 and a 1 year high of $15.51. The stock has a 50-day simple moving average of $13.47 and a 200-day simple moving average of $10.48.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $245.43 million for the quarter, compared to analyst estimates of $245.06 million. Freshworks had a return on equity of 5.52% and a net margin of 20.49%. Freshworks's revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. On average, equities research analysts predict that Freshworks will post 0.05 EPS for the current year.

Insider Activity

In related news, CAO Philippa Lawrence sold 3,492 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $12.98, for a total value of $45,326.16. Following the sale, the chief accounting officer directly owned 379,639 shares of the company's stock, valued at $4,927,714.22. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. StoneX Group Inc. acquired a new stake in shares of Freshworks in the 3rd quarter valued at about $218,000. Verus Capital Partners LLC bought a new position in shares of Freshworks during the third quarter worth about $131,000. CenterBook Partners LP bought a new position in shares of Freshworks during the third quarter worth about $2,740,000. Provenance Wealth Advisors LLC acquired a new position in Freshworks in the third quarter worth about $28,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Freshworks in the third quarter worth about $488,000. 75.58% of the stock is 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.

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