Freshworks (NASDAQ:FRSH) Stock Rating Upgraded by Guggenheim

Posted by Brenda Bartman on Jul 24th, 2026

Freshworks (NASDAQ:FRSH – Get Free Report) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on FRSH. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley cut their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Zacks Research cut shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. 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 issued a Sell rating to the company. According to MarketBeat.com, Freshworks currently has an average rating of “Hold” and an average target price of $13.25.

Get Our Latest Stock Analysis on Freshworks

Freshworks Trading Down 2.9%

FRSH opened at $9.77 on Wednesday. The stock has a market capitalization of $2.70 billion, a P/E ratio of 15.76 and a beta of 0.88. The stock has a 50-day moving average price of $9.74 and a 200-day moving average price of $9.21. Freshworks has a 12-month low of $6.79 and a 12-month high of $14.43.

Freshworks (NASDAQ:FRSH – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.Freshworks’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, equities research analysts predict that Freshworks will post -0.02 EPS for the current year.

Insider Activity

In other Freshworks news, Director Jennifer H. Taylor sold 6,618 shares of Freshworks stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director directly owned 62,673 shares of the company’s stock, valued at approximately $654,306.12. The trade was a 9.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry L. Padgett sold 6,618 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total value of $69,422.82. Following the transaction, the director owned 47,270 shares in the company, valued at $495,862.30. This trade represents a 12.28% decrease in their position. 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. In the last 90 days, insiders have sold 27,236 shares of company stock valued at $270,331. Corporate insiders own 8.54% of the company’s stock.

Institutional Investors Weigh In On Freshworks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings 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 in the last quarter. Amundi lifted its position in Freshworks by 1.3% during the 1st quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,040 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 grew its holdings in Freshworks by 13.5% in the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after purchasing an additional 2,571 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of 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 in the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

About Freshworks

(Get Free Report)

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.