Freshworks (NASDAQ:FRSH) Given New $20.00 Price Target at Cantor Fitzgerald

Freshworks (NASDAQ:FRSH) had its price objective hoisted by Cantor Fitzgerald from $15.00 to $20.00 in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on FRSH. Guggenheim assumed coverage on Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research lowered Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Robert W. Baird set a $13.00 price objective on Freshworks in a report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Freshworks in a research note on Wednesday. Finally, Piper Sandler raised their target price on Freshworks from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.92.

Freshworks Price Performance

NASDAQ:FRSH opened at $13.26 on Wednesday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 50.54, a PEG ratio of 9.43 and a beta of 0.80. Freshworks has a 1-year low of $6.79 and a 1-year high of $15.51. The company’s fifty day moving average price is $13.48 and its 200-day moving average price is $10.49.

Freshworks (NASDAQ:FRSH) last issued 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 analysts’ expectations of $245.06 million. Freshworks had a net margin of 22.28% and a return on equity of 7.88%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Equities analysts anticipate that Freshworks will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 52,767 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 389,296 shares in the company, valued at approximately $5,158,172. This trade represents a 11.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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. 8.54% of the stock is currently owned by company insiders.

Institutional Trading of Freshworks

Several large investors have recently bought and sold shares of FRSH. Fulcrum Asset Management LLP lifted its stake in Freshworks by 42,179.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 117,536 shares of the company’s stock worth $1,479,000 after purchasing an additional 117,258 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Freshworks by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 130,060 shares of the company’s stock worth $1,710,000 after purchasing an additional 4,899 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of Freshworks during the 3rd quarter worth approximately $218,000. Verus Capital Partners LLC purchased a new stake in shares of Freshworks in the third quarter valued at approximately $131,000. Finally, CenterBook Partners LP purchased a new stake in shares of Freshworks in the third quarter valued at approximately $2,740,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Key Stories Impacting Freshworks

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.

Freshworks Company Profile

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.