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Freshworks (FRSH) Stock Forecast & Price Target

$13.09
-0.10 (-0.76%)
(As of 07/19/2024 ET)

Freshworks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 17 Wall Street analysts who have issued ratings for Freshworks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 17 analysts, 7 have given a hold rating, and 10 have given a buy rating for FRSH.

Consensus Price Target

$21.53
64.47% Upside
High Forecast$30.00
Average Forecast$21.53
Low Forecast$15.00

According to the 17 analysts' twelve-month price targets for Freshworks, the average price target is $21.53. The highest price target for FRSH is $30.00, while the lowest price target for FRSH is $15.00. The average price target represents a forecasted upside of 64.47% from the current price of $13.09.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
10 Buy rating(s)
12 Buy rating(s)
8 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$21.53$22.00$25.29$18.30
Forecasted Upside64.47% Upside20.49% Upside18.86% Upside20.31% Upside
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FRSH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FRSH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Freshworks Stock vs. The Competition

TypeFreshworksComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.59
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside64.47% Upside117.45% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$22.00 ➝ $17.00+33.23%
7/10/2024Canaccord Genuity Group
1 of 5 stars
 Lower TargetBuy ➝ Buy$20.00 ➝ $17.00+38.55%
5/20/2024Needham & Company LLC
3 of 5 stars
 Lower TargetBuy ➝ Buy$30.00 ➝ $20.00+46.63%
5/3/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$20.00 ➝ $15.00+6.08%
5/2/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$22.00 ➝ $18.00+24.40%
5/2/2024JMP Securities
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 Lower TargetMarket Outperform ➝ Market Outperform$29.00 ➝ $21.00+53.73%
5/2/2024Cantor Fitzgerald
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 Lower TargetOverweight ➝ Overweight$25.00 ➝ $19.00+39.09%
5/2/2024Oppenheimer
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 DowngradeOutperform ➝ Market Perform
5/2/2024Robert W. Baird
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 DowngradeOutperform ➝ Neutral$28.00 ➝ $16.00-12.33%
2/20/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$27.00+30.50%
1/5/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$20.00 ➝ $30.00+39.73%
11/2/2023UBS Group
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 Lower TargetBuy ➝ Buy$27.00 ➝ $22.00+20.61%
9/8/2023JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$21.00 ➝ $25.00+8.13%
9/8/2023Scotiabank
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 Boost TargetSector Perform ➝ Sector Perform$20.00 ➝ $21.00-9.17%
9/8/2023Credit Suisse Group
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 Boost TargetNeutral ➝ Neutral$19.00 ➝ $22.00-4.84%
8/3/2023Bank of America
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 Boost TargetNeutral ➝ Neutral$17.00 ➝ $25.00+15.69%
4/20/2023FBN Securities
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 Initiated CoverageOutperform$20.00+35.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:26 PM ET.

FRSH Forecast - Frequently Asked Questions

What is Freshworks' forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Freshworks is $21.53, with a high forecast of $30.00 and a low forecast of $15.00.

Should I buy or sell Freshworks stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FRSH shares.

Does Freshworks's stock price have much upside?

According to analysts, Freshworks's stock has a predicted upside of 20.82% based on their 12-month stock forecasts.

Has Freshworks been downgraded by Wall Street analysts recently?

Over the previous 90 days, Freshworks's stock had 2 downgrades by analysts.

What analysts cover Freshworks?

Freshworks has been rated by research analysts at Barclays, Canaccord Genuity Group, Cantor Fitzgerald, JMP Securities, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, and Robert W. Baird in the past 90 days.

Do Wall Street analysts like Freshworks more than its competitors?

Analysts like Freshworks less than other "computer and technology" companies. The consensus rating score for Freshworks is 2.59 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how FRSH compares to other companies.


This page (NASDAQ:FRSH) was last updated on 7/21/2024 by MarketBeat.com Staff

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