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Wall Street Journal20 Analysts Assess JFrog: What You Need To Know
20 analysts have expressed a variety of opinions on JFrog (NASDAQ:FROG) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 7 | 2 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 0 | 0 | 0 |
| 3M Ago | 7 | 4 | 2 | 0 | 0 |
Analysts have set 12-month price targets for JFrog, revealing an average target of $34.7, a high estimate of $50.00, and a low estimate of $25.00. This current average represents a 18.24% decrease from the previous average price target of $42.44.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive JFrog. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Gil Luria | DA Davidson | Maintains | Buy | $40.00 | $40.00 |
| Mike Cikos | Needham | Maintains | Buy | $33.00 | $33.00 |
| Alex Kurtz | Keybanc | Raises | Overweight | $32.00 | $30.00 |
| Gil Luria | DA Davidson | Maintains | Buy | $40.00 | $40.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Overweight | $35.00 | $35.00 |
| Mike Cikos | Needham | Raises | Buy | $33.00 | $30.00 |
| Shrenik Kothari | Baird | Announces | Outperform | $32.00 | - |
| Ryan Macwilliams | Barclays | Lowers | Overweight | $40.00 | $50.00 |
| Nick Altmann | Scotiabank | Lowers | Sector Perform | $25.00 | $40.00 |
| Andrew Sherman | TD Cowen | Lowers | Buy | $32.00 | $50.00 |
| Alex Kurtz | Keybanc | Lowers | Overweight | $30.00 | $46.00 |
| Koji Ikeda | B of A Securities | Lowers | Buy | $44.00 | $54.00 |
| Brad Reback | Stifel | Lowers | Buy | $30.00 | $45.00 |
| Yi Fu Lee | Cantor Fitzgerald | Lowers | Overweight | $35.00 | $45.00 |
| Jeff Hickey | UBS | Lowers | Buy | $30.00 | $41.00 |
| Rob Owens | Piper Sandler | Lowers | Neutral | $32.00 | $40.00 |
| Miller Jump | Truist Securities | Lowers | Buy | $30.00 | $50.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $38.00 | $48.00 |
| Sanjit Singh | Morgan Stanley | Lowers | Overweight | $33.00 | $47.00 |
| Andrew Sherman | TD Cowen | Announces | Buy | $50.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to JFrog. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of JFrog compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of JFrog's stock. This examination reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of JFrog's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on JFrog analyst ratings.
Discovering JFrog: A Closer Look
JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system. Its product portfolio includes JFrog Artifactory; JFrog Pipelines; JFrog Xray; JFrog Distribution; JFrog Artifactory Edge; JFrog Mission Control and JFrog Insight. Geographically, it derives a majority of revenue from Israel and also has its presence in United States, India and other regions.
Understanding the Numbers: JFrog's Finances
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: JFrog's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 22.42%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: JFrog's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -13.88%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -2.0%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): JFrog's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.42%, the company may face hurdles in achieving optimal financial performance.
Debt Management: JFrog's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.02.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.