UPDATE: Needham & Company Starts Freshworks Inc (FRSH) at Buy

Street's New Coverage of Salesforce Rival Freshworks (FRSH) Mixed as Strong Fundamentals Already Priced In

At 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

Jefferies 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

Raymond 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

(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)

(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

(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

Wolfe 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.

UPDATE: Oppenheimer Starts Freshworks Inc (FRSH) at Outperform (correction)

(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.

UPDATE: Barclays Starts Freshworks Inc (FRSH) at Equalweight (correction)

(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.

UPDATE: JPMorgan Starts Freshworks Inc (FRSH) at Overweight (correction)

(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.

UPDATE: Morgan Stanley Starts Freshworks Inc (FRSH) at Equalweight (correction)

(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.