Street Calls of the Week
Investing.com - Cantor Fitzgerald has raised its price target on JFrog (NASDAQ:FROG) to $60.00 from $55.00 while maintaining an Overweight rating on the software delivery platform provider. The stock, which has delivered a remarkable 78% return over the past year, is trading near its 52-week high of $50.98. According to InvestingPro data, 8 analysts have recently revised their earnings estimates upward for the upcoming period.
The firm cited insights from JFrog’s SwampUP 2025 event, noting that the boundary between software delivery and model delivery is blurring, with JFrog positioning itself as a secure and automated trust platform for organizations requiring release governance, compliance tracking, and supply chain security as they adopt AI.
Cantor Fitzgerald highlighted JFrog’s new products including AppTrust, AI Catalog, and Evidence Ecosystem as well-positioned to address top customer concerns around compliance, security, governance, and regulation.
The firm views JFrog’s messaging around an open and integrated ecosystem as a positive differentiator that reduces friction for customers already using various tools while increasing stickiness by solidifying Artifactory’s central role in the pipeline.
Customer feedback indicated regulatory pressure, growing demand for unified pipelines, and rising security concerns as meaningful market drivers for JFrog’s convergence strategy, though Cantor Fitzgerald identified slower-than-expected AI adoption and cultural barriers between DevOps and ML teams as potential risks.
In other recent news, JFrog has been the focus of several analyst updates and product announcements. KeyBanc raised its price target for JFrog to $57, maintaining an Overweight rating, citing the company’s licensing model and consumption-based pricing as strengths. Stifel reiterated its Buy rating with a $53 price target, emphasizing JFrog’s integration of generative AI into its platform. Canaccord Genuity also increased its price target to $55, highlighting JFrog’s durable growth outlook and expanding margins. DA Davidson set a new price target at $60, expressing confidence in JFrog’s growth potential following the company’s swampUp user conference. Additionally, JFrog introduced AI-powered security remediation features, integrating with GitHub Copilot to help developers automatically address software vulnerabilities. These developments reflect a series of strategic moves by JFrog to strengthen its market position and enhance its technological offerings.
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