5 analysts have expressed a variety of opinions on JFrog FROG over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $41.8, a high estimate of $45.00, and a low estimate of $40.00. Marking an increase of 22.22%, the current average surpasses the previous average price target of $34.20.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of JFrog by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to JFrog. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of JFrog compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for JFrog's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of JFrog's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on JFrog analyst ratings.
Get to Know JFrog Better
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. Geographically, it derives a majority of revenue from Israel. Its product portfolio includes JFrog Artifactory; JFrog Pipelines; JFrog Xray; JFrog Distribution; JFrog Artifactory Edge; JFrog Mission Control and JFrog Insight.
Financial Milestones: JFrog's Journey
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining JFrog's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.12% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -15.51%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): JFrog's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.13%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): JFrog's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -1.52%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: JFrog's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.04.
Understanding the Relevance of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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