JMP Securities has reiterated its market outperform recommendation for Freshworks Inc (NASDAQ:FRSH), according to a report by Fintel. The average one-year price target for Freshworks Inc as of August 31, 2023, is $23.53, representing a 17.58% upside from its latest reported closing price of $20.01. The projected annual revenue for the company is $613 million, an increase of 12.47%. There are currently 330 funds or institutions reporting positions in Freshworks Inc, representing an increase of 53 owners or 19.13% in the last quarter. The put/call ratio of FRSH is 0.63, indicating a bullish outlook. In terms of shareholders, WestBridge Capital Management holds 16,512K shares representing 5.62% ownership, while Ward Ferry Management holds 12,871K shares representing 4.38% ownership. Champlain Investment Partners holds 5,673K shares representing 1.93% ownership, a decrease of 4.51% from its prior filing. Steadview Capital Management holds 5,666K shares representing 1.93% ownership. Alliancebernstein holds 4,794K shares representing 1.63% ownership, an increase of 25.93% from its prior filing. Freshworks Inc is a company that provides software solutions to businesses to improve customer and employee satisfaction.
By James Taylor
James Taylor
A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!
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