Cantor Fitzgerald Raises Freshworks (NASDAQ:FRSH) Price Target to $15.00

Freshworks (NASDAQ:FRSH) had its price objective lifted by stock analysts at Cantor Fitzgerald from $12.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 24.58% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Guggenheim started coverage on shares of Freshworks in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.67.

Freshworks Stock Up 2.3%

Shares of NASDAQ:FRSH opened at $12.04 on Wednesday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 19.42 and a beta of 0.86. Freshworks has a 12 month low of $6.79 and a 12 month high of $14.06. The company’s fifty day simple moving average is $10.09 and its 200 day simple moving average is $9.18.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm had revenue of $237.38 million during the quarter, compared to analyst estimates of $233.62 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. Research analysts expect that Freshworks will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Barry L. Padgett sold 6,618 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the sale, the director directly owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. This represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the completion of the sale, the director owned 62,673 shares of the company’s stock, valued at $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 27,236 shares of company stock valued at $270,331. 8.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in Freshworks during the 4th quarter valued at $26,000. IFP Advisors Inc increased its holdings in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Freshworks in the fourth quarter valued at about $36,000. Allworth Financial LP lifted its stake in shares of Freshworks by 479.9% during the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after buying an additional 2,649 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Freshworks by 427.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,479 shares of the company’s stock worth $67,000 after buying an additional 3,630 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors.

Freshworks News Summary

Here are the key news stories impacting Freshworks this week:

• Positive Sentiment: Freshworks reported second-quarter adjusted earnings of $0.17 per share, above the $0.13 analyst consensus, while revenue of $237.4 million exceeded estimates of $233.6 million and increased 16% year over year. Freshworks Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company posted $3.2 million in GAAP net income, its first GAAP-profitable quarter of 2026, and said it achieved its eighth consecutive quarter meeting the Rule of 40 benchmark for growth and profitability. Freshworks Reports Record Second Quarter 2026 Results
• Positive Sentiment: Freshworks raised full-year 2026 adjusted EPS guidance to $0.66-$0.68, well above the $0.50 consensus, and lifted revenue guidance to $963.5-$966.5 million versus estimates of $961.2 million.
• Positive Sentiment: Third-quarter EPS guidance of $0.18 is above the $0.15 analyst expectation, while projected revenue of $244.5-$245.5 million is broadly in line with the $244.9 million consensus.
• Neutral Sentiment: Management’s earnings call and presentation highlighted continued growth and profitability improvements; investors will likely focus on whether those trends can continue as the company scales its customer-service and IT-management software business. Freshworks Q2 2026 Earnings Call Transcript
• Negative Sentiment: Adjusted EPS of $0.17 was slightly below the $0.18 reported in the same quarter last year, indicating that year-over-year earnings growth has not yet matched the company’s revenue expansion.

About Freshworks

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.