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Oppenheimer Maintains Their Buy Rating on Freshworks (FRSH)

Oppenheimer analyst Brian Schwartz maintained a Buy rating on Freshworks (FRSHResearch Report) today and set a price target of $26.00. The company’s shares closed last Tuesday at $16.96, close to its 52-week low of $15.60.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 25.2% and a 67.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zeta Global Holdings Corp, and Qualtrics International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Freshworks with a $30.80 average price target, a 70.4% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $29.00 price target.

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Freshworks’ market cap is currently $5.44B and has a P/E ratio of -1.55.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FRSH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks.

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