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Investing.com - Cantor Fitzgerald raised its price target on JFrog (NASDAQ:FROG) to $55.00 from $46.00 on Thursday, while maintaining an Overweight rating on the software company’s shares, which currently commands a market capitalization of $4.73 billion.
The price target increase follows JFrog’s second-quarter 2025 financial results, which Cantor Fitzgerald described as "strong" and an "impressive beat" compared to analyst expectations.
JFrog outperformed FactSet consensus metrics on revenue, billings, and operating margin during the quarter, according to the research firm’s assessment.
The strong performance was attributed to sustained cloud consumption growth, expanding annual commitments, and large security wins for the company.
JFrog’s guidance for the third quarter of 2025 came in slightly above market expectations, with the stock trading approximately 14% higher in after-hours trading following the earnings release, while the S&P remained relatively flat.
In other recent news, JFrog has experienced a series of positive evaluations from multiple financial firms following its strong second-quarter performance. Notably, Truist Securities raised its price target for JFrog to $55, citing robust consumption patterns and the company surpassing expectations midway through its fiscal year 2025. Stifel also increased its price target to $53, highlighting JFrog’s impressive results driven by core cloud growth and expanded security adoption. TD Cowen adjusted its target to $55, noting the company’s cloud growth of 45%, which was well above the anticipated 36% and an improvement from the previous quarter’s 42%. KeyBanc followed suit, raising its target to $52, emphasizing the significant year-over-year cloud revenue growth of 45%, which outpaced consensus expectations. Piper Sandler set a new target of $48, acknowledging JFrog’s solid performance and the 150 basis point increase in total revenue growth. Each of these firms maintained positive ratings on JFrog’s stock, reflecting confidence in the company’s trajectory. These developments underscore JFrog’s strong market position and its ability to exceed financial forecasts.
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