April 13, 2024

Freshworks Stock Earns Composite Rating Upgrade To 96

The IBD SmartSelect Composite Rating for Freshworks (FRSH) stock rose from 94 to 96 Friday. The computer software stock sports a 93 Relative Strength Rating.


The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Freshworks stock broke out of a cup-with-handle pattern with a 21.50 entry point. The computer software stock is extended. See if the stock pulls back to form another pattern or set up an alternative entry point.

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Freshworks stock has an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 81% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.

FRSH Earnings

In Q3, the company posted 0% earnings-per-share growth. Revenue was flat, matching the prior quarter’s 19%.

Freshworks stock earns the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Datadog (DDOG), JFrog (FROG) and Cloudflare (NET) are among the top 5 highly-rated stocks within the group.


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