Piper Sandler analyst Brent Bracelin reiterated a Buy rating on Freshworks (FRSH – Research Report) today and set a price target of $28.00. The company’s shares closed yesterday at $21.82.
According to TipRanks, Bracelin is a 4-star analyst with an average return of 4.5% and a 51.31% success rate. Bracelin covers the Technology sector, focusing on stocks such as Microsoft, Adobe, and HubSpot.
In addition to Piper Sandler, Freshworks also received a Buy from Needham’s Scott Berg in a report issued today. However, on the same day, Scotiabank maintained a Hold rating on Freshworks (NASDAQ: FRSH).
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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
