On Nov 08, major Wall Street analysts update their ratings for $JFrog (FROG.US)$, with price targets ranging from $35 to $42.
BofA Securities analyst Koji Ikeda maintains with a buy rating, and adjusts the target price from $44 to $42.
TD Cowen analyst Andrew Sherman maintains with a buy rating, and maintains the target price at $35.
Baird analyst Shrenik Kothari maintains with a buy rating.
Needham analyst Mike Cikos maintains with a buy rating, and adjusts the target price from $33 to $36.
KeyBanc analyst Jason Celino maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $JFrog (FROG.US)$'s main analysts recently are as follows:
JFrog's recent financial performance was positive, showing total revenue and non-GAAP operating income surpassing estimates, coupled with an uplift in 2024 guidance. This outcome offers a measure of reassurance. The long-term optimistic perspective on JFrog's position as a dominant player in the enterprise DevSecOps market remains steadfast.
The company outperformed in Q3, surpassing expectations on all fronts and reaffirming its forecast for 40% cloud growth in FY24, which aligns with market observations.
Here are the latest investment ratings and price targets for $JFrog (FROG.US)$ from 5 analysts:
Note:
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