JFrog (NASDAQ:FROG) Stock, Quote.Headers.trade-ideas

JFrog

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.

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JFrog shares are tumbling Thursday after the company posted worse-than-expected second-quarter revenue results after Wednesday&#39;s closing bell. Here&#39;s a look at the details:

What&#39;s Going On With JFrog Stock After Earnings?

Dati deludenti sull'occupazione USA e i mercati crollano

Price Target

Analyst Ratings

JFrog Analysts Slash Their Forecasts Following Weak Q2 Sales

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Pre-Market Outlook

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McKesson Reports Weak Sales, Joins JFrog, Fastly, Warner Bros. Discovery And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

JFrog Ltd

Rumors

Watching JFrog; Shares See A Pop In Volume As Traders Circulate Unconfirmed M&A Blog Comments Suggesting The Co Has Received A Takeover Approach

Needham analyst Mike Cikos reiterates JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and maintains $33 price target.

Reiteration

Needham Reiterates Buy on JFrog, Maintains $33 Price Target

Keybanc analyst Alex Kurtz maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Overweight and raises the price target from $30 to $32.

Keybanc Maintains Overweight on JFrog, Raises Price Target to $32

DA Davidson analyst Gil Luria maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and maintains $40 price target.

DA Davidson Maintains Buy on JFrog, Maintains $40 Price Target

Cantor Fitzgerald analyst Yi Fu Lee reiterates JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Overweight and maintains $35 price target.

Cantor Fitzgerald Reiterates Overweight on JFrog, Maintains $35 Price Target

Complete software lifecycle security enables organizations to simultaneously shift left &amp; right, helping developers save time with quick threat detection and risk remediation

JFrog Adds JFrog Runtime To Suite Of Security Capabilities

Enhanced integration delivers Copilot chat powered by comprehensive software package insights, alongside holistic software supply chain security protection from code to binaries

MSFT

JFrog And GitHub Expand Partnership To Deliver Single Pane Of Glass For Security And Copilot Chat For Developers

Aiming to meet the increasing demand for enterprise-ready generative AI, the JFrog Platform integrates NVIDIA NIM to deliver GPU-optimized AI model services

NVDA

JFrog And NVIDIA Collaborate To Deliver Secure AI Models With NVIDIA NIM

Needham analyst Mike Cikos maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and raises the price target from $30 to $33.

Needham Maintains Buy on JFrog, Raises Price Target to $33

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Shares of software companies are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Baird analyst Shrenik Kothari initiates coverage on JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Outperform rating and announces Price Target of $32.

Initiation

Baird Initiates Coverage On JFrog with Outperform Rating, Announces Price Target of $32

JFrog Joins Department of Defense Enterprise Software Initiative's DevSecOps Agency Catalog, Enabling Defense Organizations To Integrate JFrog Software Supply Chain Platform Into U.S. Government IT Modernization Efforts

Barclays analyst Ryan Macwilliams maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Overweight and lowers the price target from $50 to $40.

Barclays Maintains Overweight on JFrog, Lowers Price Target to $40

Scotiabank analyst Nick Altmann maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Sector Perform and lowers the price target from $40 to $25.

Scotiabank Maintains Sector Perform on JFrog, Lowers Price Target to $25

TD Cowen analyst Andrew Sherman maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and lowers the price target from $50 to $32.

TD Cowen Maintains Buy on JFrog, Lowers Price Target to $32

Keybanc analyst Alex Kurtz maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Overweight and lowers the price target from $46 to $30.

Keybanc Maintains Overweight on JFrog, Lowers Price Target to $30

B of A Securities analyst Koji Ikeda maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and lowers the price target from $54 to $44.

B of A Securities Maintains Buy on JFrog, Lowers Price Target to $44

JFrog Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares are tumbling Thursday after the company posted worse-than-expected second-quarter revenue results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/b40232870/jfrog-announces-second-quarter-2024-results">details from the report.</a>&nbsp;
The Details:
JFrog reported quarterly earnings of 15 cents per share on sales of $103.04 million which slightly missed the consensus estimate of $103.58 million for the quarter.&nbsp;
The company also issued third-quarter and full-year guidance below analyst estimates:&nbsp;
<ul>
<li>JFrog sees Q3 earnings per share between 9 cents and 11 cents, versus the 14 cent estimate.&nbsp;&nbsp;</li>
<li>Q3 revenue in a range of $105 million to $106 million, below the $107.9 million estimate</li>
<li>Full-year earnings per share between 54 cents and 56 cents, versus the 60 cent estimate</li>
<li>Full-year revenue in a range of $422 million to $424 million, below the $428.27 million consensus estimate&nbsp;</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40205648/toast-shares-get-burned-after-q2-results">Toast Shares Get Burned After Q2 Results</a>
Multiple analysts updated coverage on the stock following the print:&nbsp;
<ul>
<li>Oppenheimer analyst Ittai Kidron downgraded JFrog from Outperform to Perform.</li>
<li>Canaccord Genuity maintained its Buy rating , but lowered the price target from $48 to $38.</li>
<li>Truist Securities analyst Miller Jump maintained a Buy rating and lowered the price target from $50 to $30.</li>
<li>Piper Sandler maintained its Neutral rating and lowered the price target from $40 to $32.</li>
<li>Morgan Stanley analyst Sanjit Singh maintained JFrog with an Overweight and lowered the price target from $47 to $33.</li>
<li>UBS maintained the stock with a Buy rating and lowered the price target from $41 to $30.</li>
</ul>
<h2 class="wp-block-heading">Will FROG Stock Go Up? </h2>
When trying to assess whether or not JFrog will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $41.69 on JFrog. The Street high target is currently at $50 and the Street low target is $30. Of all the analysts covering JFrog, 11 have positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, 6 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/FROG/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering JFrog have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. JFrog is 28.4% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about JFrog, visit <a href="https://www.benzinga.com/quote/FROG">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
FROG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, JFrog shares are down 31.6% at $23.29 at the time of publication Thursday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40234938/hubspot-shares-climb-on-strong-q2-results-forward-guidance">HubSpot Shares Climb On Strong Q2 Results, Forward Guidance</a></li>
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&nbsp;Image: Mediamodifier from Pixabay

What's Going On With JFrog Stock After Earnings?

Stifel analyst Brad Reback maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Buy and lowers the price target from $45 to $30.

Stifel Maintains Buy on JFrog, Lowers Price Target to $30

Cantor Fitzgerald analyst Yi Fu Lee maintains JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) with a Overweight and lowers the price target from $45 to $35.

Cantor Fitzgerald Maintains Overweight on JFrog, Lowers Price Target to $35

In a report released today, Gil Luria from D.A. Davidson maintained a Buy rating on JFrog (FROG – Research Report), with a price target of $40.00. ...

D.A. Davidson Remains a Buy on JFrog (FROG)

Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on JFrog (FROG – Research Report). The associated price target remains ...

Buy Rating Justified: JFrog's Strategic Advances in DevSecOps and Positive Market Reception

In a report released today, Ryan MacWilliams from Barclays maintained a Buy rating on JFrog (FROG – Research Report), with a price target of $40.00...

JFrog (FROG) Receives a Buy from Barclays

J.P. Morgan analyst Pinjalim Bora has maintained their bullish stance on FROG stock, giving a Buy rating today. Pinjalim Bora has given his Buy rat...

Strong Buy Rating for JFrog Amidst DevSecOps Market Leadership and Strategic GitHub Partnership

In a report released today, Miller Jump from Truist Financial reiterated a Buy rating on JFrog (FROG – Research Report), with a price target of $30...

Truist Financial Reaffirms Their Buy Rating on JFrog (FROG)

JFrog (FROG – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Koji Ikeda from Bank of Am...

Maintaining Buy Rating on JFrog: Innovation, Partnerships, and Market Positioning Fuel Growth Prospects

Oppenheimer analyst Ittai Kidron maintained a Hold rating on JFrog (FROG – Research Report) today. The company's shares closed yesterday at $27.90....

JFrog (FROG) Gets a Hold from Oppenheimer

Mike Cikos, an analyst from Needham, maintained the Buy rating on JFrog (FROG – Research Report). The associated price target remains the same with...

JFrog's Market Position Strengthened by Strategic Partnerships and Enhanced Security Offerings

J.P. Morgan analyst Pinjalim Bora has maintained their bullish stance on FROG stock, giving a Buy rating yesterday. Pinjalim Bora has given his Buy...

Buy Rating on JFrog: Strategic Position and Growth Potential Despite Short-Term Headwinds

Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new B...

3 Best Stocks to Buy Now, 9/17/2024, According to Top Analysts

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Press Releases

JFrog Appoints Seasoned Cloud & Security Executive Leader Luis Felipe Visoso to its Board of Directors

JFrog to Present at Upcoming Investor Conference

Developers and AI Luminaries to Gather at JFrog's swampUP to Chart the Next Frontier for the Software Supply Chain

JFrog Announces Second Quarter 2024 Results

Legal

SHAREHOLDER ALERT: Investigation Into JFrog Ltd. (FROG) Announced by Holzer & Holzer, LLC

JFrog Secures Prestigious Department of Defense Enterprise Software Initiative, Streamlining Procurement and Accelerating Adoption of Advanced Security Tools

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JFrog (NASDAQ:FROG) Stock, Quote.Headers.trade-ideas