Breaking Down JFrog: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
JFrog (NASDAQ:FROG) has received diverse analyst ratings over the past quarter, with a shift towards more bullish views in the last 30 days. The average 12-month price target for FROG has increased to $41.8, marking a 22.22% rise from the previous target of $34.20. Analysts from DA Davidson, Needham, Truist Securities, Oppenheimer, and Morgan Stanley have all raised their price targets, reflecting optimism about JFrog's market performance and financial health. JFrog's financials show a positive revenue trend with a growth rate of 23.12% as of September 30, 2023, but it faces challenges in net margin, ROE, and ROA, indicating potential areas for improvement.
February 05, 2024 | 5:01 pm
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POSITIVE IMPACT
JFrog has seen a positive shift in analyst ratings with an increased average 12-month price target of $41.8. Financial indicators show strong revenue growth but highlight areas of concern in profitability and asset utilization.
The increase in the average 12-month price target and the positive revenue trend suggest a bullish outlook for JFrog in the short term. However, concerns regarding net margin, ROE, and ROA may temper the potential upside. The unanimous decision by analysts to raise their price targets reflects a strong consensus on the company's growth prospects, likely influencing investor sentiment positively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100