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What is Wall Street's Target Price for Freshworks Inc (FRSH) Stock Thursday?

Thursday, January 26, 2023 01:56 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Freshworks Inc (FRSH) Stock Thursday?

Wall Street is positive on Freshworks Inc (FRSH). On average, analysts give the stock a Buy rating. The average price target is $17.346, which means analysts expect the stock to increase by 11.19% over the next twelve months. That average ranking earns the stock an Analyst Rating of 26, which is better than 26% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating FRSH a Buy today. Find out what this means to you and get the rest of the rankings on FRSH!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Freshworks Inc Stock Today?

Freshworks Inc (FRSH) stock is trading at $15.60 as of 1:39 PM on Thursday, Jan 26, an increase of $0.28, or 1.8% from the previous closing price of $15.32. The stock has traded between $15.44 and $15.95 so far today. Volume today is low. So far 595,700 shares have traded compared to average volume of 1,469,465 shares. Click Here to get the full Stock Report for Freshworks Inc stock.

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