Gold bars to be exempt from tariffs, White House clarifies
Investing.com - KeyBanc raised its price target on JFrog (NASDAQ:FROG) to $52.00 from $46.00 on Friday, while maintaining an Overweight rating on the software company’s shares. According to InvestingPro data, JFrog, currently valued at $4.4 billion, shows strong financial health with a "GOOD" overall rating, though analysis suggests the stock is slightly overvalued at current levels.
The firm cited JFrog’s strong second-quarter performance, particularly highlighting Cloud revenue growth of 45% year-over-year, which significantly exceeded consensus expectations of 36%. This impressive growth builds on the company’s broader revenue expansion of 21.7% and industry-leading gross profit margin of 76.1%.
KeyBanc noted that security sales gained momentum during the quarter, and robust usage from the first quarter carried into the second quarter, converting into higher annual commitments. The firm also observed signs of another strong quarter for large deals, evidenced by a 13-point acceleration in remaining performance obligations (RPO).
Following these results, JFrog raised its 2025 Cloud revenue growth guidance from 32% year-over-year to 35% at the midpoint. KeyBanc pointed out that this guidance continues to exclude usage overages and the largest deals, which it views as keeping the second-half outlook conservative.
The new $52 price target is based on 10.5x enterprise value to sales for 2026, reflecting what KeyBanc sees as continued momentum in both Cloud and security offerings.
In other recent news, JFrog has reported impressive second-quarter results for 2025, surpassing analysts’ expectations. The company posted an earnings per share of $0.18, exceeding the forecasted $0.16, which marks a 12.5% positive surprise. Additionally, JFrog reported revenue of $127.2 million, outperforming the anticipated $122.79 million. Piper Sandler has responded to these results by raising its price target for JFrog from $40.00 to $48.00, while maintaining a Neutral rating. The firm highlighted JFrog’s accelerating cloud growth as a key factor contributing to a 150 basis point increase in total revenue growth compared to the previous quarter. These developments indicate a strong performance for JFrog, drawing attention from both analysts and investors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.