Oppenheimer reiterates Outperform rating on Freshworks stock at $19 target

Investing.com - Oppenheimer has reiterated an Outperform rating on Freshworks Inc (NASDAQ:FRSH) with a price target of $19.00, following a webinar and investor meetings with the company’s CFO. According to InvestingPro data, analysts’ targets range from $18 to $27, with the stock currently appearing undervalued based on Fair Value analysis.

The research firm hosted Freshworks CFO Tyler Sloat at its 28th Annual Technology, Internet, and Communications Conference on Monday, where discussions covered the company’s market opportunities, artificial intelligence momentum, and competitive positioning.

Management conveyed an upbeat tone during the event, focusing on Freshworks’ large and underpenetrated total addressable market, its growth strategy, and improving go-to-market efficiency.

Oppenheimer noted particular interest in the company’s AI monetization trajectory, multi-product adoption trends, and product-led growth momentum, while also highlighting stabilization in Freshworks’ customer experience business.

The firm recommends FRSH for investors seeking exposure to artificial intelligence, services modernization, and customer/IT engagement themes at what it describes as a discount valuation compared to peers.

In other recent news, Freshworks Inc. reported its second-quarter 2025 earnings, surpassing market expectations with an earnings per share (EPS) of $0.18, which was higher than the forecasted $0.12. The company’s revenue reached $204.7 million, exceeding the anticipated $198.84 million. JMP Securities reiterated its Market Outperform rating on Freshworks, maintaining a $27.00 price target following these strong results. Needham also reiterated a Buy rating with a $25.00 price target, noting the acceleration in the company’s Customer Experience (CX) segment’s Annual Recurring Revenue (ARR) growth rate from 8% to 11% in the second quarter. Cantor Fitzgerald maintained its Overweight rating and a $20.00 price target, highlighting a "solid beat and raise" performance, with notable growth in the Employee Experience (EX) business by 22% year-over-year. Piper Sandler raised its price target for Freshworks to $25.00 from $22.00, citing the company’s 27% free cash flow margin, which exceeded its mid-point guidance. These developments reflect Freshworks’ ongoing growth and performance in the market.

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