JFrog Analysts Increase Their Forecasts After Better-Than-Expected Earnings

JFrog, Ltd. FROG reported better-than-expected fourth-quarter results after Thursday’s closing bell.

JFrog reported quarterly earnings of 19 cents per share which beat the analyst consensus estimate of 14 cents. Quarterly revenue clocked in at $116.08 million which beat the analyst consensus estimate of $114.19 million and is an increase over revenue of $97.26 million from the same period last year.

"The landscapes of DevOps, DevSecOps, and MLOps are evolving rapidly, with customer demand for comprehensive, end-to-end solutions that unify and secure the software supply chain, while enabling responsible GenAI adoption. These transformative shifts contributed to our success throughout 2024," said Shlomi Ben Haim, CEO of JFrog.

JFrog said it expects first-quarter revenue in a range of $116 million to $118 million, versus the $117.37 million estimate, and EPS of between 15 cents and 17 cents, versus the 15-cent estimate.

The company sees fiscal 2025 revenue in a range of $499 million to $503 million, versus the $499.62 million estimate and EPS of between 67 cents and 69 cents, versus the 66 cent estimate.

JFrog shares gained 2.1% to trade at $37.71 on Friday.

These analysts made changes to their price targets on JFrog following earnings announcement.

• Needham analyst Mike Cikos maintained JFrog with a Buy and raised the price target from $39 to $46.
• Canaccord Genuity analyst Kingsley Crane maintained the stock with a Buy and raised the price target from $38 to $45.
• Morgan Stanley analyst Sanjit Singh maintained JFrog with an Overweight and boosted the price target from $36 to $44.

Considering buying FROG stock? Here’s what analysts think:

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