Freshworks (FRSH) Sparks Confidence Based on Underlying Momentum

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.

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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.

While we acknowledge the risk and potential of FRSH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FRSH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.