Scott Berg, an analyst from Needham, maintained the Buy rating on Freshworks. The associated price target remains the same with $15.00.
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Scott Berg has given his Buy rating due to a combination of factors that point to healthier execution and improved predictability at Freshworks. His review of the proxy indicates that sales performance and demand trends have at least stabilized in fiscal 2025, with internal net new ARR goals met in most quarters and for the full year, a notable shift from the repeated shortfalls seen in fiscal 2024.
He also highlights that the gap between initial guidance and actual results has narrowed, with reported figures coming in only modestly above guidance in both fiscal 2024 and 2025. This tighter correlation supports greater confidence in management’s outlook and underpins the view that fiscal 2026 results can land toward the higher end of guidance as sales execution and demand remain on firmer footing.
According to TipRanks, Berg is an analyst with an average return of -8.4% and a 36.49% success rate. Berg covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Braze, and Workday.