Oppenheimer analyst Brian Schwartz maintained a Buy rating on Freshworks (FRSH – Research Report) today and set a price target of $26.00. The company’s shares closed yesterday at $21.82.
Schwartz covers the Technology sector, focusing on stocks such as Adobe, Workday, and ServiceNow. According to TipRanks, Schwartz has an average return of 22.3% and a 67.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freshworks with a $25.75 average price target, a 18.01% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $29.00 price target.
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Based on Freshworks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $153.55 million and a GAAP net loss of $31.03 million. In comparison, last year the company earned a revenue of $128.76 million and had a GAAP net loss of $57.84 million
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Freshworks (FRSH) Company Description:
Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks.
Read More on FRSH:
- Freshworks Reports Fourth Quarter and Full Year 2023 Results
- Freshworks, Inc. Class A (FRSH) Q4 Earnings Cheat Sheet
- JPMorgan ups Freshworks target but ‘tactically cautious’ into earnings
- Freshworks Announces Strategic Collaboration Agreement with AWS to Increase the Reach of its AI-boosted Software-as-a-Service
- Freshworks enters collaboration agreement with AWS
