Morgan Stanley Reduces PT on Freshworks (FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) is one of the Oversold Software Stocks to Buy Now. On September 12, Morgan Stanley reduced the price target on the company’s stock to $16 from $18, while keeping an “Equal Weight” rating, as reported by The Fly. As per the analyst, Freshworks Inc. (NASDAQ:FRSH)’s analyst day showcased its unique positioning to fill the gap between unscalable, lightweight point solutions and complex, expensive platform providers as an uncomplicated, AI-native service platform. That being said, peer multiple compression reduces the price objective even though there are minimal forecast changes after that event, noted the analyst.

Elsewhere, Freshworks Inc. (NASDAQ:FRSH) released Q2 2025 results, with 18% YoY revenue growth to $204.7 million and 27% adjusted free cash flow margin. The number of customers contributing over $5,000 in ARR was 23,975, reflecting a rise of 10% YoY and 9% adjusting for the constant currency. The strong momentum through H1 2025 demonstrates that the company remains the preferred choice for businesses to reduce complexity.

Freshworks Inc. (NASDAQ:FRSH), a software development company, offers software-as-a-service products.

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