Freshworks Inc. (FRSH)
NASDAQ: FRSH · IEX Real-Time Price · USD
18.55
+0.03 (0.13%)
Apr 25, 2024, 3:05 PM EDT - Market open
Freshworks Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Freshworks stock have an average target of 24.72, with a low estimate of 18 and a high estimate of 30. The average target predicts an increase of 33.30% from the current stock price of 18.55.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Freshworks stock from 18 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Buy | 8 | 8 | 8 | 9 | 9 | 9 |
| Hold | 7 | 6 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 18 | 17 | 17 | 18 | 18 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $24 → $22 | Hold | Maintains | $24 → $22 | +18.63% | Apr 17, 2024 |
| Wolfe Research | Wolfe Research | Hold → Buy Upgrades $27 | Hold → Buy | Upgrades | $27 | +45.59% | Feb 20, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $25 | Buy | Reiterates | $25 | +34.81% | Feb 7, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $25 → $29 | Buy | Maintains | $25 → $29 | +56.38% | Feb 7, 2024 |
| Jefferies | Jefferies | Hold → Strong Buy Upgrades $20 → $30 | Hold → Strong Buy | Upgrades | $20 → $30 | +61.77% | Jan 5, 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 | 1.6B |
| Avg | 722.5M | 864.6M | 1.0B | 1.3B | 1.5B |
| Low | 691.9M | 819.3M | 967.3M | 1.2B | 1.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.3% | 24.7% | 27.0% | 26.0% | 23.5% |
| Avg | 21.1% | 19.7% | 20.6% | 22.3% | 20.0% |
| Low | 16.0% | 13.4% | 11.9% | 17.5% | 15.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.34 | 0.51 | 0.71 | 0.82 | 1.02 |
| Avg | 0.31 | 0.42 | 0.61 | 0.80 | 0.99 |
| Low | 0.28 | 0.32 | 0.41 | 0.76 | 0.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 66.6% | 67.9% | 34.3% | 28.0% |
| Avg | - | 36.5% | 44.7% | 30.4% | 24.4% |
| Low | - | 4.7% | -2.4% | 25.3% | 19.5% |
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.