Freshworks (NASDAQ:FRSH) Given New $15.00 Price Target at Piper Sandler

Freshworks (NASDAQ:FRSH) had its price objective raised by Piper Sandler from $12.00 to $15.00 in a research note published on Wednesday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Robert W. Baird set a $13.00 price target on Freshworks in a research note on Wednesday, August 5th. Guggenheim began coverage on Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective for the company. Cantor Fitzgerald raised their price objective on Freshworks from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Freshworks in a report on Wednesday. Finally, UBS Group upped their target price on shares of Freshworks from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.92.

Freshworks Stock Performance

FRSH stock opened at $13.26 on Wednesday. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $15.51. The business’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $10.49. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 50.54, a price-to-earnings-growth ratio of 9.43 and a beta of 0.80.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $245.43 million during the quarter, compared to analyst estimates of $245.06 million. Freshworks had a return on equity of 7.88% and a net margin of 22.28%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Sell-side analysts forecast that Freshworks will post 0.05 earnings per share for the current year.

Insider Activity

In other news, CAO Philippa Lawrence sold 52,767 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $13.25, for a total value of $699,162.75. Following the sale, the chief accounting officer directly owned 389,296 shares of the company’s stock, valued at $5,158,172. The trade was a 11.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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. Insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Several hedge funds and other institutional investors have recently made changes to their positions in FRSH. Nykredit A S purchased a new position in Freshworks during the second quarter valued at $28,000. Provenance Wealth Advisors LLC bought a new stake in Freshworks in the third quarter worth $28,000. Root Financial Partners LLC bought a new stake in Freshworks in the third quarter worth $29,000. Meeder Asset Management Inc. grew its stake in shares of Freshworks by 164.0% in the first 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 last quarter. 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 acquiring an additional 3,932 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Freshworks News Summary

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Q3 earnings and cash generation were strong. Freshworks reported adjusted EPS of $0.22 versus the $0.18 consensus, while revenue rose 14% year over year to $245.4 million, just above estimates. The company also reported record adjusted free cash flow of $73.9 million. Read More.
• Positive Sentiment: Several analysts raised their targets. Cantor Fitzgerald lifted its target to $20 and kept an overweight rating; UBS and Canaccord raised theirs to $17 and maintained buy ratings. Piper Sandler raised its target to $15 but retained a neutral rating.
• Neutral Sentiment: Management’s 2026 outlook combines growth with a cautious tone. Freshworks forecast revenue of $965 million–$966 million and adjusted free cash flow of more than $0.94 per share. The outlook’s cautious elements may have tempered the positive earnings report. Read More.
• Negative Sentiment: Wolfe Research downgraded the stock from “outperform” to “peer perform,” adding a more cautious analyst view. Sales were only slightly above consensus, so the earnings beat may not have been enough to overcome concerns about the outlook. Read More.

About Freshworks

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.