11 Tech Stocks with Highest Upside Potential

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5. Freshworks Inc. (NASDAQ:FRSH)

Number of Hedge Fund Holders: 35

Analyst Upside Potential: 44.77%

Freshworks Inc. (NASDAQ:FRSH) is one of the Tech Stocks to Buy with the Highest Upside Potential. Wall Street is bullish on Freshworks Inc. (NASDAQ:FRSH) as the company topped revenue and EPS estimates during the fiscal second quarter of 2025. The revenue of $204.68 million was ahead by $5.74 million, whereas the EPS of $0.18 topped by $0.06.

Several analysts have given bullish ratings on the stock. Firstly, on July 30, a day after the release, Piper Sandler raised the firm’s price target on the stock from $22 to $25, while keeping an overweight rating. The firm noted that the company exceeded the Rule of 40 with a 27% free cash flow margin. While investors remain cautious on small-cap SaaS stocks, Freshworks Inc. (NASDAQ:FRSH) is building a strong and efficient growth model.

More recently, on August 11, Brian Schwartz from Oppenheimer reiterated a Buy rating on the stock with an associated price target of $19. The company expects full-year revenue in the range of $822.9 million – $828.9 million, reflecting 14% – 15% growth.

Freshworks Inc. (NASDAQ:FRSH) is a software company that offers SaaS solutions focused on Customer Experience and Employee Experience.

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