What drove FRSH's strongest quarterly performance in 2024?

Freshworks Inc. (FRSH) experienced a significant decline in its stock price, with a **32.62% interval percentage change** from December 29, 2023, to December 31, 2024. This raises questions about the factors contributing to such a substantial drop in performance.

1. **Market Conditions and Sentiment**: The performance of Freshworks in 2024 was likely influenced by broader market conditions and investor sentiment. Factors such as economic indicators, geopolitical events, and market trends can impact stock prices significantly.
2. **Company Performance and Growth**: The growth prospects of Freshworks may have been a factor in the stock's performance. If the market had concerns about the company's growth potential, revenue growth, or profitability, this could have led to a negative perception and a decline in stock price.
3. **Industry Dynamics**: The software-as-a-service (SaaS) industry is highly competitive, and Freshworks may have faced challenges from competitors or changes in the industry that affected its market position and stock performance.
4. **Financial Health and Performance Metrics**: Key financial metrics such as revenue growth, earnings, and cash flow can influence investor confidence. If Freshworks failed to meet market expectations or showed signs of financial distress, this could have negatively impacted its stock price.
5. **Analyst Ratings and Price Targets**: The consensus rating for Freshworks is "Buy" with an average analyst price target of $21.23. This suggests that analysts are optimistic about the company's future. However, if the stock price fell below this target, it could indicate a mismatch between analyst expectations and market performance.

In conclusion, Freshworks' strongest quarterly performance in 2024 was likely driven by a combination of factors including market conditions, company performance, industry dynamics, financial health, and analyst ratings. A detailed analysis of these factors would provide a more comprehensive understanding of the stock's performance during that period.