Freshworks (FRSH) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRSH shares.
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15 brokerages have issued 1 year price targets for Freshworks' stock. Their FRSH share price forecasts range from $14.00 to $25.00. On average, they predict the company's stock price to reach $17.91 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price.
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Freshworks' stock was trading at $14.71 at the beginning of 2023. Since then, FRSH shares have increased by 7.1% and is now trading at $15.76.
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Freshworks saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,570,000 shares, an increase of 65.0% from the April 30th total of 7,010,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 7.2 days. Currently, 8.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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ETFs with the largest weight of Freshworks (NASDAQ:FRSH) stock in their portfolio include Global X Cloud Computing ETF (CLOU), WisdomTree Cloud Computing Fund (WCLD), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), SPDR S&P Software & Services ETF (XSW), Direxion Daily Cloud Computing Bull 2x (CLDL), Renaissance IPO ETF (IPO), First Trust Small Cap Growth AlphaDEX Fund (FYC) and JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Freshworks updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of 0-$0.02 for the period, compared to the consensus EPS estimate of -$0.01. The company issued revenue guidance of $140.00 million-$142.50 million, compared to the consensus revenue estimate of $141.32 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Freshworks investors own include Lumentum (LITE), Masco (MAS), Qorvo (QRVO), Esperion Therapeutics (ESPR), CVR Refining (CVRR), Walt Disney (DIS), Howard Hughes (HHC), Kinder Morgan (KMI), Tesla (TSLA) and Boeing (BA).

(FRSH) raised $855 million in an initial public offering on Wednesday, September 22nd 2021. The company issued 28,500,000 shares at $28.00-$32.00 per share.

Freshworks trades on the NASDAQ under the ticker symbol "FRSH."

Freshworks' stock is owned by a number of retail and institutional investors. Top institutional shareholders include WestBridge Capital Management LLC (5.69%), Champlain Investment Partners LLC (2.04%), BlackRock Inc. (1.33%), Meritage Group LP (1.05%), Franklin Resources Inc. (1.02%) and Scopia Capital Management LP (0.81%). Insiders that own company stock include Barry L Padgett, Capitalg 2014 Lp, Jennifer H Taylor, Johanna Flower, Jose Morales, Leaders 3 Gp Associates Accel, Randy Gottfried, Rathnagirish Mathrubootham, Sameer K Gandhi, Sequoia Capital India V Ltd, Stacey Epstein, Westbridge Crossover Fund, Llc and Zachary Nelson.
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Shares of FRSH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FRSH stock can currently be purchased for approximately $15.76.

Freshworks (NASDAQ:FRSH) has a market capitalization of $4.59 billion and generates $498 million in revenue each year. The company earns $-232,130,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.

The company employs 5,400 workers across the globe.

Freshworks' mailing address is 2950 S Delaware St Ste 201, San Mateo, California 94403-2199. The official website for the company is www.freshworks.com. The company can be reached via phone at 650-513-0514 or via email at ir@freshworks.com.