Freshworks Inc. is a software company that provides innovative customer engagement solutions. Founded in 2010, it is based in San Mateo, California, and has gained recognition for its user-friendly platforms designed for businesses of all sizes. Freshworks offers a range of products, including customer relationship management (CRM), helpdesk software, and marketing automation tools. Freshworks Share Price on NSE as of 11 October 2024 is 11.47Â USD. Here will provide you more details on Freshworks Share Price Target 2024, 2025, 2026 to 2030.
Freshworks Inc: Market Overview
- Open Price: $11.07
- High Price: $11.57
- Low Price: $11.07
- Prev. Close: $11.16
- Volume: 227,444
- Mkt cap: $333.51Cr
- P/E ratio: N/A
- Div yield: N/A
- 52-wk high: $24.98
- 52-wk low: $10.89
Freshworks Share Price Chart
Freshworks Share Price Target Tomorrow 2024 To 2030
Freshworks Share Price Target Years | SHARE PRICE TARGETÂ |
2024 | $25 |
2025 | $38 |
2026 | $46 |
2027 | $54 |
2028 | $61 |
2029 | $69 |
2030 | $80 |
Freshworks Share Price Target 2024
Freshworks share price target 2024 Expected target could be $25. Here are three key factors that could affect Freshworks Inc.’s share price target growth in 2024:
- Product Innovation and Expansion: Freshworks’ ability to continually innovate and expand its product offerings will be crucial for attracting new customers and retaining existing ones. Launching new features or integrating advanced technologies, such as artificial intelligence and machine learning, can enhance the value proposition of their platforms, driving revenue growth and positively impacting share prices.
- Market Demand for Customer Engagement Solutions: The increasing demand for customer engagement and CRM solutions, especially among small and medium-sized enterprises (SMEs), can significantly influence Freshworks’ growth. As more businesses seek to improve customer relationships and streamline operations, Freshworks is well-positioned to capture a larger market share, leading to potential increases in stock value.
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Financial Performance and Guidance: Freshworks’ financial results, including revenue growth, profitability, and guidance for future quarters, will directly impact investor confidence and share price. Positive earnings reports and strong future forecasts can lead to higher valuations, while any signs of underperformance could lead to stock price volatility.
Freshworks Share Price Target 2025
Freshworks share price target 2025 Expected target could be $38. Here are three key factors that could affect Freshworks Inc.’s share price target growth in 2025:
- Global Market Expansion: Freshworks’ ability to expand its presence in international markets will play a vital role in its growth. Entering new regions and tailoring its offerings to local businesses can help increase its customer base and revenue streams. A successful global strategy will likely enhance investor confidence and drive up the share price.
- Competitive Landscape: The competitive environment in the SaaS (Software as a Service) market can significantly impact Freshworks. Keeping an eye on competitors and adapting to market changes, such as pricing strategies and new technologies, will be essential. A strong market position and unique value propositions will be crucial for maintaining growth and share price appreciation.
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Technological Advancements: As technology evolves, Freshworks needs to invest in research and development to keep its products innovative and relevant. Enhancements in features, user experience, and integration capabilities with other tools can attract new customers and increase user satisfaction. Positive advancements in technology will likely lead to increased sales and a higher share price target.
Freshworks Share Price Target 2030
Freshworks share price target 2030 Expected target could be $80. Here are three key risks and challenges that could affect Freshworks Inc.’s share price target by 2030:
- Market Saturation: As the SaaS market matures, Freshworks may face increased competition and market saturation. With many players offering similar products, differentiating its services could become challenging. If Freshworks fails to maintain a unique value proposition, it may struggle to grow its customer base, impacting revenue and share price.
- Economic Downturns: Global economic uncertainties can affect business spending on software and technology services. During economic downturns, companies often cut back on expenses, which may lead to reduced demand for Freshworks’ offerings. Such downturns could negatively impact revenue growth and investor sentiment, resulting in a lower share price target.
- Regulatory Changes: Changes in regulations regarding data privacy, cybersecurity, and technology can pose challenges for Freshworks. Compliance with varying international laws and regulations can increase operational costs and complicate business operations. Failure to adapt to these changes could lead to legal issues, fines, or reputational damage, which may adversely affect the company’s financial performance and share price.
Freshworks Inc. Financials
(USD) | 2023 | Y/Y change |
Revenue | 596.43M | 19.77% |
Operating expense | 663.24M | 4.35% |
Net income | -137.44M | 40.79% |
Net profit margin | -23.04 | 50.57% |
Earnings per share | 0.26 | 471.43% |
EBITDA | -163.13M | 27.52% |
Effective tax rate | -11.04% | — |
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