On Nov 09, major Wall Street analysts update their ratings for $JFrog (FROG.US)$, with price targets ranging from $35 to $42.
Morgan Stanley analyst Sanjit Singh maintains with a buy rating, and adjusts the target price from $33 to $36.
J.P. Morgan analyst Pinjalim Bora maintains with a buy rating, and sets the target price at $37.
BofA Securities analyst Koji Ikeda maintains with a buy rating, and adjusts the target price from $44 to $42.
UBS analyst Jeff Hickey maintains with a buy rating, and adjusts the target price from $41 to $38.
TD Cowen analyst Andrew Sherman maintains with a buy rating, and maintains the target price at $35.
Furthermore, according to the comprehensive report, the opinions of $JFrog (FROG.US)$'s main analysts recently are as follows:
After JFrog delivered a 'solid' third-quarter report, highlighted by a 37% growth in billings and an acceleration of cRPO bookings to roughly 28%, along with a total RPO growth of 47% indicating increased momentum in larger deals, the outlook remains promising. Despite a cautious management tone and unchanged fiscal Q4 guidance following the Q3 outperformance, the potential for JFrog to broaden its use cases among existing customers is viewed positively.
The second quarter experienced delays in numerous sizable cloud migration contracts; however, the third quarter witnessed the fruition of some of these agreements, leading to an acceleration in revenue growth. Continued potential for an upswing in net retention rates is anticipated as we approach the calendar year 2025.
JFrog's recent financial disclosure indicated positive outcomes, exceeding both internal and broader financial projections with respect to total revenue and non-GAAP operating income. Furthermore, the company has increased its guidance for 2024. These third-quarter results have provided a measure of reassurance. The long-term optimistic outlook on JFrog's position as a dominant player in the enterprise DevSecOps sector remains steadfast.
JFrog delivered a robust third quarter, surpassing expectations in all aspects while reiterating its forecast for 40% cloud growth in FY24, aligning with market observations.
Here are the latest investment ratings and price targets for $JFrog (FROG.US)$ from 10 analysts:
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美东时间11月9日，多家华尔街大行更新了$JFrog (FROG.US)$的评级，目标价介于35美元至42美元。
摩根士丹利分析师Sanjit Singh维持买入评级，并将目标价从33美元上调至36美元。
摩根大通分析师Pinjalim Bora维持买入评级，目标价37美元。
美银证券分析师Koji Ikeda维持买入评级，并将目标价从44美元下调至42美元。
瑞士银行分析师Jeff Hickey维持买入评级，并将目标价从41美元下调至38美元。
TD Cowen分析师Andrew Sherman维持买入评级，维持目标价35美元。
此外，综合报道，$JFrog (FROG.US)$近期主要分析师观点如下：
JFrog提交了一个“扎实”的第三季度报告，其中计算账单增长37％且cRPO预订加速至约28％，总的来看，RPO增长了47％，显示更大交易势头增强，前景仍然乐观。尽管在第三季度表现优异后维持审慎的管理口吻和不变的财年Q4指引，但认为JFrog有潜力扩大在现有客户中的应用案例是积极的。
第二季度有许多规模庞大的云迁移合同延迟，然而，第三季度看到了其中一些协议的实现，导致营业收入增长加速。预计净留存率有望反弹，随着我们迎来2025年日历年。
JFrog最近的财务披露显示出积极的结果，超过了内部和更广泛的财务预测，特别是在总收入和非GAAP营业收入方面。此外，该公司已经提升了2024年的指引。这些第三季度的结果提供了一定程度的安慰。对JFrog作为企业DevSecOps板块的主要参与者地位的长期乐观前景仍然坚定不移。
JFrog在第三季度交出了强劲的业绩，各方面超出预期，同时重申了对财年24年云增长40％的预测，与市场观察一致。
以下为今日10位分析师对$JFrog (FROG.US)$的最新投资评级及目标价：
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