Freshworks (FRSH) Stock Forecast & Price Target

$15.73 -0.59 (-3.62%)

(As of 11/15/2024 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

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
6

Buy
8

Based on 14 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 14 analysts, 6 have given a hold rating, and 8 have given a buy rating for FRSH.

Consensus Price Target

$18.69
18.83% Upside

According to the 14 analysts' twelve-month price targets for Freshworks, the average price target is $18.69. The highest price target for FRSH is $27.00, while the lowest price target for FRSH is $14.00. The average price target represents a forecasted upside of 18.83% from the current price of $15.73.

FRSH Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$18.69	$17.86	$19.40	$23.76
Forecasted Upside	18.83% Upside	58.03% Upside	68.99% Upside	33.81% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Freshworks Stock vs. The Competition

Type	Freshworks	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	17.49% Upside	551.06% Upside	9.75% Upside
News Sentiment Rating	Positive News See Recent FRSH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$17.00 ➝ $20.00	+20.19%
11/7/2024	Robert W. Baird 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$16.00 ➝ $15.00	-9.86%
11/7/2024	JMP Securities 2 of 5 stars		Boost Target	Market Outperform ➝ Market Outperform	$21.00 ➝ $24.00	+44.23%
11/7/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$17.00 ➝ $19.00	+14.18%
11/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Berg Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$11.00 ➝ $14.00	-15.20%
11/7/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$13.00 ➝ $18.00	+37.51%
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11/7/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $20.00	+52.79%
7/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$15.00 ➝ $14.00	+11.11%
7/31/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$18.00 ➝ $16.00	+26.98%
7/31/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$19.00 ➝ $18.00	+39.97%
7/31/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$25.00 ➝ $20.00	+42.86%
5/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$22.00 ➝ $18.00	+24.40%
5/2/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
2/20/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$27.00	+30.50%
11/2/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$27.00 ➝ $22.00	+20.61%
9/8/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$19.00 ➝ $22.00	-4.84%
8/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$17.00 ➝ $25.00	+15.69%
4/20/2023	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$20.00	+35.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:39 PM ET.

FRSH Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Freshworks is $18.69, with a high forecast of $27.00 and a low forecast of $14.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freshworks in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FRSH shares.
: According to analysts, Freshworks's stock has a predicted upside of 18.83% based on their 12-month stock forecasts.
: Freshworks has been rated by research analysts at Canaccord Genuity Group, JMP Securities, JPMorgan Chase & Co., Needham & Company LLC, Piper Sandler, Robert W. Baird, and Wells Fargo & Company in the past 90 days.
: Analysts like Freshworks less than other "computer and technology" companies. The consensus rating score for Freshworks is 2.57 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how FRSH compares to other companies.

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This page (NASDAQ:FRSH) was last updated on 11/15/2024 by MarketBeat.com Staff

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Freshworks (FRSH) Stock Forecast & Price Target