Analyst Scott Berg of Needham maintained a Buy rating on Freshworks, retaining the price target of $25.00.
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Scott Berg’s rating is based on several key observations from the recent Freshworks event in San Francisco. The event highlighted the company’s focus on integrating AI to simplify complex processes, significantly enhancing both customer and employee experiences.
Additionally, Freshworks introduced new products like the Freshdesk Command Center and Vertical AI Agents, which are expected to strengthen their market position. The emphasis on partnerships was also notable, as it aims to expand their reach in the mid-market and early upmarket sectors. Although Freshworks is still in the early stages of widespread adoption, the positive reception and alignment on their roadmap suggest promising growth potential.
In another report released on November 14, Canaccord Genuity also maintained a Buy rating on the stock with a $19.00 price target.
Based on the recent corporate insider activity of 123 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.