Read Why Stifel Sees JFrog Well-Positioned To Sustain 30%-Plus Revenue Growth

Stifel analyst Brad Reback upgraded JFrog Ltd FROG to Buy from Hold with a $45 price target, implying a 33% upside.
JFrog is well-positioned to sustain 30%-plus revenue growth as it leverages its "unique position within the DevSecOps workflow."
Reback contends that JFrog has assembled a growing suite of solutions to help customers build, manage, distribute, and secure their respective applications more effectively and efficiently.
After some "operational noise" during the first half of the year, the company's Q3 results pointed to a re-acceleration.
He believes this momentum is sustainable into calendar 2022 and beyond.
JFrog provides an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management (CSRM). The CSRM platform enables organizations to deliver software updates across any system continuously.
Price Action: FROG shares traded higher by 4.63% at $33.87 on the last check Thursday.

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