During the last three months, 9 analysts shared their evaluations of JFrog FROG, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 5 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 0 | 0 | 0 |
Analysts have set 12-month price targets for JFrog, revealing an average target of $44.0, a high estimate of $52.00, and a low estimate of $40.00. This current average reflects an increase of 22.63% from the previous average price target of $35.88.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of JFrog among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Alex Kurtz | Keybanc | Announces | Overweight | $52.00 | - |
| Yi Fu Lee | Cantor Fitzgerald | Raises | Overweight | $45.00 | $40.00 |
| Anthony Hau | Truist Securities | Raises | Buy | $50.00 | $41.00 |
| Jonathan Ruykhaver | Cantor Fitzgerald | Raises | Overweight | $40.00 | $35.00 |
| Gil Luria | DA Davidson | Raises | Buy | $45.00 | $40.00 |
| Mike Cikos | Needham | Raises | Buy | $40.00 | $31.00 |
| Anthony Hau | Truist Securities | Raises | Buy | $41.00 | $33.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $41.00 | $35.00 |
| Sanjit Singh | Morgan Stanley | Raises | Overweight | $42.00 | $32.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to JFrog. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of JFrog compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of JFrog's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into JFrog's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on JFrog analyst ratings.
Delving into JFrog's Background
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.
Breaking Down JFrog's Financial Performance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: JFrog's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 27.06%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: JFrog's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -11.55%, the company may face hurdles in effective cost management.
Return on Equity (ROE): JFrog's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.69%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): JFrog's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.19%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.03, JFrog adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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