UPDATE: Needham & Company Starts Freshworks Inc (FRSH) at Buy
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Street's New Coverage of Salesforce Rival Freshworks (FRSH) Mixed as Strong Fundamentals Already Priced In
October 18, 2021 10:10 AM EDTAt least a dozen Street analysts have initiated research coverage on Freshworks (NASDAQ: FRSH) today.
The analyst views are mostly mixed as strong fundamentals are already priced in. Freshworks, a rival of Salesforce (NYSE: CRM), went public last month when its shares opened over 20% above the initial IPO price to hit a valuation of over $12... More
Jefferies Starts Freshworks Inc (FRSH) at Hold
October 18, 2021 7:35 AM EDTJefferies analyst Brent Thill initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Hold rating and a price target of $45.00.
The analyst commented, "We are fans of FRSH's fundamentals for its 1) large, underserved TAM of $76B (76% comes from SMBs); 2) platform story with multiple levers... More
Raymond James Starts Freshworks Inc (FRSH) at Market Perform
October 18, 2021 7:08 AM EDTRaymond James analyst Brian Peterson initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Market Perform rating.
The analyst commented, "We are initiating coverage of Freshworks with a Market Perform rating, as we believe a compelling fundamental backdrop is offset... More
UPDATE: Piper Sandler Starts Freshworks Inc (FRSH) at Overweight
October 18, 2021 4:20 AM EDT(Updated - October 18, 2021 9:18 AM EDT)
Piper Sandler analyst Brent Bracelin initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Overweight rating and a price target of $50.00, highlighting the company's user-obsessed focus on bringing simple, low-cost, consumer-like services into the business... More
UPDATE: JMP Securities Starts Freshworks Inc (FRSH) at Market Outperform (correction)
October 18, 2021 4:06 AM EDT(Updated - October 18, 2021 6:00 AM EDT)
JMP Securities analyst Patrick Walravens raised the price target on Freshworks Inc (NASDAQ: FRSH) to $53.00 while maintaining a Market Outperform rating.
The analyst comments "We see Freshworks as a solid opportunity for long-term, durable growth and capital appreciation for several reasons, which include: 1) the... More
UPDATE: Baird Starts Freshworks Inc (FRSH) at Outperform
October 18, 2021 4:01 AM EDT(Updated - October 18, 2021 6:41 AM EDT)
Baird analyst Rob Oliver initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Outperform rating and a price target of $50.00.
The analyst comments "We are initiating coverage with an Outperform rating and a $50 price target. Digital... More
Wolfe Research Starts Freshworks Inc (FRSH) at Outperform
October 18, 2021 3:58 AM EDTWolfe Research analyst Alex Zukin initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Outperform rating and a price target of $50.00.
For an analyst ratings summary and ratings history on Freshworks Inc click here. For more ratings news on Freshworks Inc click here.
Shares of Freshworks Inc closed at $41.45 yesterday.
... MoreUPDATE: Oppenheimer Starts Freshworks Inc (FRSH) at Outperform (correction)
October 18, 2021 3:56 AM EDT(Updated - October 18, 2021 3:59 AM EDT)
Oppenheimer analyst Brian Schwartz initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Outperform rating and a price target of $50.00.
... MoreUPDATE: Barclays Starts Freshworks Inc (FRSH) at Equalweight (correction)
October 18, 2021 3:50 AM EDT(Updated - October 18, 2021 3:59 AM EDT)
Barclays analyst Raimo Lenschow initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Equalweight rating and a price target of $44.00.
... MoreUPDATE: JPMorgan Starts Freshworks Inc (FRSH) at Overweight (correction)
October 18, 2021 3:50 AM EDT(Updated - October 18, 2021 4:00 AM EDT)
JPMorgan analyst Mark Murphy initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Overweight rating and a price target of $51.00.
... MoreUPDATE: Morgan Stanley Starts Freshworks Inc (FRSH) at Equalweight (correction)
October 18, 2021 3:25 AM EDT(Updated - October 18, 2021 4:01 AM EDT)
Morgan Stanley analyst Stan Zlotsky initiates coverage on Freshworks Inc (NASDAQ: FRSH) with a Equalweight rating and a price target of $43.00.
... More
