10 AI News and Ratings Making Waves on Wall Street

7. Freshworks Inc. (NASDAQ:FRSH)

Number of Hedge Fund Holders: 32

Freshworks Inc. (NASDAQ:FRSH) develops global SaaS solutions for customer and employee experiences.

On February 12, Cantor Fitzgerald maintained a Buy rating on Freshworks (NASDAQ:FRSH) and raised its price target to $22 from $18. The firm highlighted that Freshworks trades at a significant discount compared to peers like Atlassian, HubSpot, and ServiceNow. Freshworks’ increasing presence in the mid-market and enterprise sectors now accounts for over 60% of its annual recurring revenue. The analyst believes the company’s product features, pricing, and AI advancements position it well for future growth, especially in deploying enterprise AI across different business roles.

Additionally, Scotiabank analyst Nick Altmann raised Freshworks’ (NASDAQ:FRSH) price target from $17 to $19 while maintaining a Sector Perform rating. The company’s FY25 outlook slightly exceeded consensus expectations, with Freddy AI remaining a main focus. Additionally, Freddy Copilot is performing ahead of internal projections, with significant monetization expected in 2025, the firm noted.