Freshworks Inc. (FRSH)
NASDAQ: FRSH · IEX Real-Time Price · USD
13.04
+0.23 (1.80%)
At close: Jul 2, 2024, 4:00 PM
12.80
-0.24 (-1.84%)
After-hours: Jul 2, 2024, 7:42 PM EDT
Freshworks Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Freshworks stock have an average target of 21.94, with a low estimate of 15 and a high estimate of 30. The average target predicts an increase of 68.25% from the current stock price of 13.04.
Analyst Consensus: Buy
* Price targets were last updated on May 20, 2024.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 9 | 9 | 9 | 6 | 6 | 6 |
| Hold | 5 | 5 | 5 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 18 | 18 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $30 → $20 | Strong Buy | Maintains | $30 → $20 | +53.37% | May 20, 2024 |
| Needham | Needham | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +130.06% | May 8, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $27 → $20 | Strong Buy | Maintains | $27 → $20 | +53.37% | May 3, 2024 |
| Barclays | Barclays | Hold Maintains $20 → $15 | Hold | Maintains | $20 → $15 | +15.03% | May 3, 2024 |
| Needham | Needham | Strong Buy Reiterates $30 | Strong Buy | Reiterates | $30 | +130.06% | May 2, 2024 |
Financial Forecast
Revenue This Year
713.87M
from 596.43M
Increased by 19.69%
Revenue Next Year
837.90M
from 713.87M
Increased by 17.37%
EPS This Year
0.34
from -0.47
EPS Next Year
0.42
from 0.34
Increased by 23.80%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 736.5M | 878.9M | 1.1B | 1.3B | 1.5B |
| Avg | 713.9M | 837.9M | 987.3M | 1.2B | 1.5B |
| Low | 684.0M | 791.8M | 906.9M | 1.2B | 1.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.5% | 23.1% | 25.8% | 27.7% | 22.9% |
| Avg | 19.7% | 17.4% | 17.8% | 24.1% | 19.3% |
| Low | 14.7% | 10.9% | 8.2% | 19.2% | 14.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.36 | 0.49 | 0.63 | 0.79 | 0.96 |
| Avg | 0.34 | 0.42 | 0.55 | 0.77 | 0.93 |
| Low | 0.31 | 0.34 | 0.40 | 0.74 | 0.89 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 46.1% | 50.6% | 43.8% | 24.9% |
| Avg | - | 23.8% | 30.9% | 39.7% | 21.3% |
| Low | - | 1.5% | -3.9% | 34.2% | 16.6% |
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.