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Freshworks Inc. (NASDAQ:FRSH) is one of the best software application stocks to buy according to Hedge Funds.
Ryan MacWilliams from Wells Fargo reaffirmed his Equal Weight rating on Freshworks Inc.. The analyst set a target price of $13 on January 9, implying an upside of almost 15% for investors.
The analyst highlighted recent price hikes to the company’s Freshdesk plans, which led to double-digit percentage price increments across all tiers. In line with extra features in the Freshdesk product line, these price revisions could generate 3% additional growth for the business in FY26.
On December 15, Needham also maintained its bullish sentiment towards Freshworks Inc.. The firm assigned a Buy rating with a target price of $25, leading to a 121% upside potential.
Needham noted a strong demand during 2025 for their IT service management platform, Freshservice. The platform is being highly favored given its user-friendly features, competitive pricing, and strong adoption in up-market segments.
On the other hand, there was a more modest but stable demand for customer service software, Freshdesk. As per Needham’s analysis, early adoption of Freddy AI for both platforms will offer automation benefits as well as a competitive edge.
Freshworks Inc. is a software developer that offers cloud-based SaaS solutions worldwide. 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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This article is originally published at Insider Monkey.
