FRSH Price Prediction Next Week
Analysis and Insights
To predict the stock price of Freshworks (FRSH) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
- Insider Trading Activity: There have been recent insider sales, with directors Barry L. Padgett and Zachary Nelson selling shares. This could indicate a lack of confidence among insiders, which may weigh on the stock price.
- Institutional Investor Movements: While 170 institutional investors increased their positions in FRSH, 132 reduced theirs, indicating mixed sentiment.
- Positive Market Outlook: Freshworks' peer, EPAM Systems, reported strong financial performance, which may positively impact the broader software services sector.
Technical Analysis:
- Price Trends: FRSH is currently trading at $15.845, with a 1.96% increase in the regular market and a 2.83% pre-market gain.
- RSI: The RSI_14 is at 43.65, indicating a bearish trend but not oversold conditions.
- MACD: The MACD is negative (-0.55), suggesting bearish momentum.
- Stochastic Oscillator: The StochD is at 36.37, indicating potential oversold conditions.
- Fibonacci Levels: The stock is trading above the pivot level of $15.01 but below the resistance level of $15.57.
Conclusion:
Based on the analysis, FRSH is expected to trade around $15.50 next week. The bearish technical indicators and insider selling activity suggest a sell recommendation.
Recommendation: Sell FRSH at the current price level, targeting $15.50 as the expected price for the next trading week.
FRSH Similar Chart Price Prediction
The price of FRSH is predicted to go up 14.26%, based on the high correlation periods with WHR. The similarity of these two price pattern on the periods is 98.09%.
FRSH
WHR
Up: 14.26%Similarity: 98.09%
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FRSH Analyst's Forecast
David Hynes
Canaccord Genuity
Strong Buy
2025-02-12
Price Target
$19 → $23
Upside
+29.21%
Canaccord raised the firm's price target on Freshworks to $23 from $19 and keeps a Buy rating on the shares. The firm said they reported solidQ4 results and steady execution leading to what Canaccord believes is an undervalued stock as the market for its products appears healthy and they continue to see room for gradual multiple expansion.
Brian Schwartz
Oppenheimer
Buy
2025-02-12
Price Target
$22 → $24
Upside
+34.83%
Scott Berg
Needham
Strong Buy
2025-02-12
Price Target
$20 → $25
Upside
+40.45%
