Piper Sandler Boosts Freshworks (NASDAQ:FRSH) Price Target to $12.00

Freshworks (NASDAQ:FRSH) had its price target upped by analysts at Piper Sandler from $10.00 to $12.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential downside of 0.33% from the company’s previous close.

A number of other equities analysts have also recently weighed in on FRSH. Morgan Stanley dropped their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Guggenheim assumed coverage on shares of Freshworks in a report on Wednesday, July 22nd. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Citigroup reissued a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.42.

Freshworks Stock Up 2.3%

FRSH opened at $12.04 on Wednesday. The firm has a market cap of $3.33 billion, a PE ratio of 19.42 and a beta of 0.86. The business has a fifty day simple moving average of $10.09 and a 200-day simple moving average of $9.18. Freshworks has a fifty-two week low of $6.79 and a fifty-two week high of $14.06.

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

Insider Activity

In related news, Director Jennifer H. Taylor sold 6,618 shares of the firm’s stock in a transaction that occurred on 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 directly owned 62,673 shares in the company, valued at approximately $654,306.12. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 10,530 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $9.18, for a total transaction of $96,665.40. Following the sale, the chief accounting officer owned 465,823 shares of the company’s stock, valued at approximately $4,276,255.14. This represents a 2.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,236 shares of company stock worth $270,331 in the last 90 days. Company insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Freshworks by 120.8% during the 1st quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock valued at $302,000 after buying an additional 11,703 shares during the period. Amundi increased its stake in shares of Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after acquiring an additional 1,040 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Freshworks by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after acquiring an additional 578,628 shares in the last quarter. Woodline Partners LP boosted its position in Freshworks by 13.5% during the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock valued at $304,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Freshworks by 20.2% during the first quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock valued at $175,000 after purchasing an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Trending Headlines about Freshworks

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.

Freshworks Company Profile

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.