Needham Maintains Buy Rating on Freshworks (FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) is one of the Most Undervalued Stocks Under $10 to Buy Right Now. On April 13, Scott Berg, an analyst from Needham, maintained a “Buy” rating on the company’s stock, and the associated price target remained the same at $15.00.  The analyst’s rating is backed by a combination of factors, which reflect a healthier execution as well as improvement in predictability. Notably, the sales performance and demand trends have stabilized in FY 2025, added the analyst, while internal net new ARR goals were met in most of the quarters and for the full year.

Needham Maintains Buy Rating on Freshworks (FRSH) Stock

This demonstrates a significant shift from the shortfalls that were witnessed in FY 2024. Furthermore, the analyst opines that the gap between initial guidance and actual results narrowed. The reported figures were marginally above the guidance in both FY 2024 and FY 2025. The tighter correlation aids increased confidence in the outlook by Freshworks Inc. (NASDAQ:FRSH)’s management. Also, it supports that FY 2026 results can be towards the higher end of guidance, amidst healthy sales execution and demand.

Freshworks Inc. (NASDAQ:FRSH) is a software development company.

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