Wells Fargo has initiated coverage on Freshworks Inc (FRSH) with an Equal-Weight rating, marking the firm's first assessment of the company's investment potential. This rating reflects an analysis of Freshworks' business dynamics within the technology sector, where it specializes in software-as-a-service (SaaS) solutions.
Headquartered in San Mateo, California, Freshworks develops products that enhance customer and employee experiences, including its popular offerings like Freshdesk and Freshservice. The company went public on September 22, 2021, and currently has a market capitalization of $3.3 billion. Despite reporting a trailing twelve-month EPS of -0.10, Freshworks has demonstrated strong earnings surprises in recent quarters, including a 21% positive surprise in Q3 2025.
Looking ahead, the company is set to announce its next earnings results on July 27, 2026, with analysts estimating an EPS of $0.16 and revenue of $236 million.
Analyst ratings, such as this new Equal-Weight designation, provide insights based on research and financial models. However, they represent opinions that may change as new information arises. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making decisions.
As of November 1, 2025, the analyst consensus on Freshworks includes 5 Strong Buy, 10 Buy, and 7 Hold ratings, indicating a generally favorable outlook among analysts.
This update provides insight into Freshworks' positioning in the competitive technology landscape, particularly as it continues to innovate with generative AI solutions like Freddy AI Agent and Freddy AI Copilot.