5 Most Undervalued Cloud Stocks to Buy According to Analysts

2. Freshworks Inc. (NASDAQ:FRSH)

Freshworks Inc. (NASDAQ:FRSH) ranks among the 8 most undervalued cloud stocks to buy according to analysts.

As of March 20, 2026, Freshworks Inc. (NASDAQ:FRSH) boasts constructive analyst sentiment, with 50% of analysts holding a ‘Buy’ recommendation and with a consensus price target of $11.00 indicating a 33.66% upside potential. The sentiment persists despite the fact that shares have fallen over 37% in the last six months, slightly underperforming the broader software applications industry, which faced a decline of roughly 30% during the same period.

To streamline its global sales organization, Freshworks Inc. (NASDAQ:FRSH) announced a leadership change on March 5, 2026, appointing Ian Tickle as Chief Revenue Officer effective immediately. With this move, the company unified its sales organization under a single leader.

Tickle’s role in achieving strong results over the previous five consecutive quarters was highlighted by CEO Dennis Woodside. Furthermore, Mika Yamamoto, Chief Integrated Customer Growth Officer, will step down as part of the leadership change.

Changes in Freshworks Inc.’s (NASDAQ:FRSH) strategic leadership highlight an effort to improve execution and spur growth amid industry headwinds.

Meanwhile, in February, Freshworks Inc. (NASDAQ:FRSH) released its results, which showed profitability, record free cash flow, increased FY 2026 sales estimate, and reaffirmed guidance. The company also announced a $400 million share repurchase plan.

Freshworks Inc. (NASDAQ:FRSH) provides SaaS solutions, including Freshdesk, Freshservice, Freshsales, Freshmarketer, and Freshteam. Established in 2010, the company is based in San Mateo, California.