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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美東時間11月9日，多家華爾街大行更新了$JFrog (FROG.US)$的評級，目標價介於35美元至42美元。
摩根士丹利分析師Sanjit Singh維持買入評級，並將目標價從33美元上調至36美元。
摩根大通分析師Pinjalim Bora維持買入評級，目標價37美元。
美銀證券分析師Koji Ikeda維持買入評級，並將目標價從44美元下調至42美元。
瑞士銀行分析師Jeff Hickey維持買入評級，並將目標價從41美元下調至38美元。
TD Cowen分析師Andrew Sherman維持買入評級，維持目標價35美元。
此外，綜合報道，$JFrog (FROG.US)$近期主要分析師觀點如下：
jfrog發佈了一份『紮實』的第三季度報告，其中包括計費增長37％和cRPO預訂加速至約28％，以及總RPO增長47％，表明在更大交易中增長勢頭加強，前景仍然看好。儘管第三季度表現優異後，管理層態度謹慎，財季Q4的指引不變，但JFrog在現有客戶中擴大使用案例的潛力被視爲積極。
第二季度遇到了多項較大雲遷移合同的延遲；然而，第三季度見證了部分協議的實現，導致收入增長加速。隨着我們接近2025年日曆年，淨保留率可能會出現上升的潛力。
jfrog最近的財務披露顯示了積極的成果，超出了內部和更廣泛的財務預期，特別是在總收入和非GAAP運營收入方面。此外，該公司已經提高了2024年的指引。這些第三季度的結果提供了一定程度的 Reassurance。對jfrog作爲企業DevSecOps板塊主導玩家地位的長期樂觀前景仍然堅定不移。
jfrog在第三季度交出了強勁的成績，各方面超過預期，並重申了在FY24年雲增長40％的預測，與市場觀察一致。
以下爲今日10位分析師對$JFrog (FROG.US)$的最新投資評級及目標價：
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