12 Oversold Software Stocks to Invest In

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6. Freshworks Incorporated (NASDAQ:FRSH)

Number of Hedge Fund Holders: 41

Upside Potential: 87.9%

Freshworks Incorporated (NASDAQ:FRSH) is one of the 12 oversold software stocks to invest in.

On February 11, Citizens analyst Patrick Walravens maintained an Outperform rating on Freshworks Incorporated (NASDAQ:FRSH). The analyst reduced his price target on the stock from $27 to $16, which still implies 121% upside.

Walravens pointed towards the company’s stronger-than-anticipated fourth-quarter results and revenue forecast, showcasing his confidence in the company’s underlying momentum.

On February 11, the price target for Freshworks Incorporated (NASDAQ:FRSH) was lowered from $12 to $10 by Piper Sandler analyst Billy Fitzsimmons. He maintained a Neutral rating on the stock after the quarterly results were released.

Fitzsimmons reflected on the management’s mixed guidance for 2026, with revenue and billings outlook coming in ahead of consensus estimates. However, projections for operating margin and EPS were below expectations. His revised estimate results in an upside potential of more than 38% at the prevailing level.

Freshworks Incorporated (NASDAQ:FRSH) is a software developer that offers cloud-based SaaS solutions across the globe. With a focus on user-friendly AI-enabled solutions for customers, they deliver IT service management, customer experience, and sales & marketing. They cater to diverse organizational clients ranging from early-stage companies to large enterprises.

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