Highlights:
- JFrog (FROG, Financial) demonstrates a strong start to the year with a 13.5% gain.
- Barclays reports a significant price hike in JFrog's DevOps SaaS Enterprise X tier.
- Wall Street analysts remain bullish on JFrog with notable upside potential.
Shares of JFrog (FROG) surged by almost 3% on Wednesday, following a Barclays report detailing a 27% price increase for the company's DevOps SaaS Enterprise X tier. The monthly fee has now risen from $750 to $950. Additionally, JFrog has rolled out an option for purchasing additional machine learning (ML) credits, priced at $1.20 each. Analysts maintain a favorable outlook on the stock, which has already appreciated by 13.5% year-to-date.
Wall Street Analysts Forecast
According to one-year price targets provided by 17 analysts, the average target price for JFrog Ltd (FROG, Financial) is set at $45.16, with estimates ranging from a high of $50.00 to a low of $33.71. This average target suggests a potential upside of 37.33% from the current trading price of $32.89. For a more comprehensive analysis, investors can visit the JFrog Ltd (FROG) Forecast page.
Furthermore, consensus recommendations from 21 brokerage firms rate JFrog Ltd (FROG, Financial) with an average brokerage recommendation of 2.0. This rating signifies an "Outperform" status on a scale where 1 indicates a Strong Buy and 5 denotes a Sell.
GuruFocus Valuation Insights
According to estimates by GuruFocus, the projected GF Value for JFrog Ltd (FROG, Financial) in a year's time is $41.77. This projection implies an upside of 27.02% from the current price of $32.885. The GF Value is GuruFocus' calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance estimates. For further insights, investors are encouraged to explore the JFrog Ltd (FROG) Summary page.
