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

Anusuya Lahiri

Thu, Dec 9, 2021, 9:50 AM1 min read

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Stifel analyst Brad Reback upgraded JFrog Ltd (NASDAQ: 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.

Latest Ratings for FROG

Dec 2021	Stifel	Upgrades	Hold	Buy
Nov 2021	Needham	Maintains		Buy
Aug 2021	Morgan Stanley	Maintains		Equal-Weight

View More Analyst Ratings for FROG
View the Latest Analyst Ratings

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