Freshworks (FRSH) Stock

Freshworks shares gain momentum with AI-driven growth, boosted by rising customer adoption, and increased demand for copilot and self-service solutions.

Freshworks' shares are expected to rise again after their Q3 results showed increasing revenue and an upgrade to their full-year forecast. The company also revealed plans to lay off about 13% of its workforce to improve profit margins. Freshworks has a diverse range of software products, a strong customer base, a good balance between growth and profitability, and a solid, debt-free financial position.

A former executive from RingCentral, Five9, and Cisco has joined Freshworks to drive product innovation and expand the growth of their AI, customer experience (CX), and employee experience (EX) solutions.

Freshwork (FRSH) could see an increase in value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).

Freshworks (FRSH) faced a tough time in the market in 2024, but it is likely to recover in 2025 because of its low valuation. With interest rates expected to decrease and the economy improving, software stocks, including Freshworks, should see growth. Currently, FRSH is valued at 26 times its free cash flow, which is predicted to fall to 23 times in 2025, making it a good option for long-term investors.

Freshwork (FRSH) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

The stock of Freshworks Inc, a software development company listed on NASDAQ as FRSH, has had a rough year, losing 55% of its value from December to October, while the overall market reached new highs. This disappointing performance has been difficult for investors to accept.

The software company reported earnings that were better than expected, causing the stock price to rise significantly.

The transcript of Freshworks Inc. (FRSH) earnings call for the third quarter of 2024 is available.