Freshworks (NASDAQ:FRSH) Stock Gets Price Target Boost from Piper Sandler

Posted by Francis Steltz on Nov 4th, 2026

Freshworks (NASDAQ:FRSH – Get Free Report) had its price target raised by equities researchers at Piper Sandler from $12.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s target price points to a potential upside of 6.01% from the stock’s current price.

FRSH has been the topic of a number of other reports. Cantor Fitzgerald lifted their price objective on Freshworks from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday. Guggenheim assumed coverage on Freshworks in a research note on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective for the company. Needham & Company LLC reissued a “buy” rating on shares of Freshworks in a report on Wednesday. KeyCorp began coverage on shares of Freshworks in a research note on Monday, September 14th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Freshworks from $10.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.46.

Get Our Latest Stock Analysis on Freshworks

Freshworks Stock Performance

Shares of Freshworks stock opened at $14.15 on Wednesday. Freshworks has a one year low of $6.79 and a one year high of $15.51. The stock’s fifty day moving average is $13.47 and its 200 day moving average is $10.48. The stock has a market cap of $3.69 billion, a P/E ratio of 78.94, a P/E/G ratio of 9.47 and a beta of 0.80.

Freshworks (NASDAQ:FRSH – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%. The business had revenue of $245.43 million during the quarter, compared to analyst estimates of $245.06 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. Freshworks’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts predict that Freshworks will post 0.05 EPS for the current year.

Insider Transactions at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 3,492 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $12.98, for a total transaction of $45,326.16. Following the sale, the chief accounting officer directly owned 379,639 shares of the company’s stock, valued at $4,927,714.22. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 8.54% of the company’s stock.

Hedge Funds Weigh In On Freshworks

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in Freshworks by 9.7% during the 2nd quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock valued at $40,485,000 after purchasing an additional 353,714 shares during the period. Renaissance Technologies LLC grew its holdings in Freshworks by 79.1% during the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after buying an additional 2,021,412 shares in the last quarter. Bank of America Corp DE grew its holdings in Freshworks by 1.4% during the 1st quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock valued at $17,090,000 after buying an additional 30,395 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Freshworks by 403.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock valued at $11,596,000 after buying an additional 1,157,277 shares during the last quarter. Finally, Walleye Capital LLC raised its position in shares of Freshworks by 2,480.8% during the first quarter. Walleye Capital LLC now owns 1,247,655 shares of the company’s stock valued at $10,019,000 after buying an additional 1,199,311 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.

More Freshworks News

Here are the key news stories impacting Freshworks this week:

Positive Sentiment: Q3 adjusted earnings were $0.22 per share, above the $0.18 consensus and up from $0.16 a year earlier. Revenue increased 14% year over year to $245.4 million, slightly ahead of estimates. Freshworks Beats Q3 Earnings and Revenue Estimates
Positive Sentiment: The company reported record adjusted free cash flow of $73.9 million, up 29% year over year, and GAAP net income of $18.3 million. It also marked its ninth consecutive quarter meeting the Rule of 40, indicating a combination of growth and profitability. Freshworks Reports Record Third Quarter 2026 Results
Positive Sentiment: Freshworks forecast 2026 revenue of $965 million to $966 million and said it is targeting more than $0.94 in adjusted free cash flow per share, offering investors a full-year growth and cash-generation outlook. 2026 Revenue and Free Cash Flow Outlook
Neutral Sentiment: Although revenue edged past estimates, sales were essentially in line, rather than a substantial top-line beat. That may have limited the impact of the stronger earnings and cash-flow results. Freshworks Q3 Sales and Market Reaction

Freshworks Company Profile

(Get Free Report)

Freshworks Inc (NASDAQ:FRSH) develops cloud-based customer and employee engagement software for businesses of various sizes. Its products are designed to help organizations manage customer support, IT service operations, sales activities, and marketing workflows through user-friendly, artificial intelligence-enabled applications.

The company’s product portfolio includes Freshdesk for customer service and support, Freshservice for IT and enterprise service management, Freshsales for customer relationship management, and Freshmarketer for marketing automation and customer engagement.