Credit Suisse Group Raises Freshworks Inc Price Target to $19.00
August 8, 2023
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The Credit Suisse Group recently raised its price target on Freshworks Inc ($NASDAQ:FRSH) (FRESH) from $16.00 to $19.00 in a report released Wednesday. FRESH, a leading provider of cloud-based customer engagement software, is rapidly gaining traction in the market with the help of its innovative solutions. Its comprehensive suite of customer engagement products helps businesses to better understand their customers and provide personalized services that improve their experiences. The latest price target upgrade by Credit Suisse Group reflects the strong performance of FRESH in the market and its huge growth potential. Freshworks is making considerable investments in R&D and innovation.
With its focus on AI-driven customer engagement products and new partnerships, it is well-positioned to capitalize on a rapidly growing market. Overall, Credit Suisse Group’s price target upgrade reinforces the strong outlook for FRESH and highlights its increasing market appeal. With its robust portfolio of products and impressive financial results, the company looks poised to continue its impressive growth trajectory in the near future.
Market Price
The stock opened at $20.9 and closed at $21.7, representing a 3.8% growth from its prior closing price. The increase in the target price also indicates that investors believe FRESHWORKS INC has potential of further growth in the near future. This announcement from Credit Suisse Group comes as a positive sign for FRESHWORKS INC as it encourages further investment into the company and gives confidence in its ability to perform well in the marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Freshworks Inc. More…
| Total Revenues | Net Income | Net Margin |
| 544.7 | -191.64 | -35.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freshworks Inc. More…
| Operations | Investing | Financing |
| 34.34 | -219.83 | -48.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Freshworks Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.4k | 342.65 | 3.61 |
Key Ratios Snapshot
Some of the financial key ratios for Freshworks Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.4% | – | -38.6% |
| FCF Margin | ROE | ROA |
| 4.4% | -12.5% | -9.4% |
Analysis
GoodWhale has conducted an analysis on the wellbeing of FRESHWORKS INC. The results indicate that FRESHWORKS INC is a low risk investment in financial and business aspects. Despite this, it is important to note that there could still be areas with potential risks. We encourage users to register with us and do their due diligence to fully explore all potential risks. Our platform provides users with comprehensive insights on the financial and business aspects of a company, which will help you make sound investment decisions. More…
Peers
Some of its competitors include TeamViewer AG, Lovarra, and Intercede Group PLC.
– TeamViewer AG ($OTCPK:TMVWY)
Viewer AG is a German multinational company that provides remote control, online collaboration and conferencing, and networking services. It has a market cap of 1.6B as of 2022 and a ROE of 41.08%. The company was founded in 2005 and is headquartered in Göppingen, Germany.
– Lovarra ($LSE:IGP)
Intercede Group PLC is a United Kingdom-based company, which provides software products that manage identities and credentials. The Company’s products are used in a range of applications, including securing access to networks and cloud-based services, encrypting email and files and ensuring the integrity of downloaded applications and files. Its products are deployed on over 30 million devices and are used by government organizations, including national identity programs, military, police, border control and citizen e-services; enterprises, including in the financial services, healthcare, automotive, retail and education sectors; and original equipment manufacturers (OEMs), including in the mobile device and personal computer markets. The Company operates in the United States, Europe, the Middle East, Africa, Asia Pacific and South America.
Summary
Investors should review the recent investing analysis of Freshworks Inc. Credit Suisse Group recently raised their price target from $16.00 to $19.00, providing a positive outlook on the company. As expected, this news resulted in a rise in the stock price. It is important to note that the price change is not guaranteed and investors should always do their own research before making any investment decisions.
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