Freshworks Inc. (FRSH)
NASDAQ: FRSH · IEX Real-Time Price · USD
13.64
-0.20 (-1.45%)
At close: May 17, 2024, 4:00 PM
13.85
+0.21 (1.54%)
After-hours: May 17, 2024, 7:46 PM EDT
Freshworks Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Freshworks stock have an average target of 22.56, with a low estimate of 15 and a high estimate of 30. The average target predicts an increase of 65.40% from the current stock price of 13.64.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Freshworks stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Buy | 8 | 8 | 9 | 9 | 9 | 6 |
| Hold | 6 | 5 | 5 | 5 | 5 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 17 | 17 | 18 | 18 | 18 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +119.94% | May 8, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $27 → $20 | Strong Buy | Maintains | $27 → $20 | +46.63% | May 3, 2024 |
| Barclays | Barclays | Hold Maintains $20 → $15 | Hold | Maintains | $20 → $15 | +9.97% | May 3, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $22 → $18 | Hold | Maintains | $22 → $18 | +31.96% | May 2, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $29 → $21 | Buy | Maintains | $29 → $21 | +53.96% | May 2, 2024 |
Financial Forecast
Revenue This Year
722.52M
from 596.43M
Increased by 21.14%
Revenue Next Year
864.56M
from 722.52M
Increased by 19.66%
EPS This Year
0.31
from -0.47
EPS Next Year
0.42
from 0.31
Increased by 36.51%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 747.1M | 901.2M | 1.1B | 1.3B | 1.5B |
| Avg | 722.5M | 864.6M | 1.0B | 1.2B | 1.5B |
| Low | 691.9M | 819.3M | 967.3M | 1.2B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.3% | 24.7% | 27.0% | 22.7% | 23.0% |
| Avg | 21.1% | 19.7% | 20.6% | 19.2% | 19.5% |
| Low | 16.0% | 13.4% | 11.9% | 14.5% | 14.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.34 | 0.51 | 0.71 | 0.80 | 0.99 |
| Avg | 0.31 | 0.42 | 0.61 | 0.78 | 0.96 |
| Low | 0.28 | 0.32 | 0.41 | 0.74 | 0.92 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 66.6% | 67.9% | 30.8% | 27.3% |
| Avg | - | 36.5% | 44.7% | 27.1% | 23.7% |
| Low | - | 4.7% | -2.4% | 22.1% | 18.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.