Piper Sandler raised the firm’s price target on JFrog (FROG) to $40 from $32 and keeps a Neutral rating on the shares following quarterly results. The firm says cloud upside, +55% RPO growth and +18% op. margins highlighted a solid end to the year for JFrog. Piper thinks there is a balanced risk/reward setup on shares from here, with potential upside from security traction/large migration contribution fairly balanced with the current valuation and overall decelerating growth profile.
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Read More on FROG:
- JFrog price target raised to $45 from $38 at Canaccord
- JFrog price target raised to $46 from $36 at KeyBanc
- JFrog’s Strong Performance and Promising Outlook Earns Buy Rating from Analyst Mike Cikos
- JFrog price target raised to $48 from $38 at Barclays
- JFrog’s Strategic Growth and Unique Platform Position Drive Buy Rating
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