Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on JFrog, retaining the price target of $58.00.
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Shrenik Kothari has given his Buy rating due to a combination of factors that suggest a favorable outlook for JFrog. Despite the stock’s significant year-to-date performance, sentiment has recently softened, and valuation has adjusted, creating a potentially advantageous setup as the company heads into fiscal year 2026. The company’s guidance remains conservative, not fully accounting for potential benefits from AI advancements, which keeps expectations realistic amidst macroeconomic uncertainties.
JFrog’s strong position in the cloud market, coupled with its hybrid flexibility and AI-native expansion, enhances its appeal. The company has consistently delivered strong quarterly results, and its role as a foundational system for secure software supply chains is gaining recognition. Positive feedback from channel and partner checks, along with increasing adoption of JFrog’s advanced security solutions, further supports the Buy rating. The company’s partnerships with major players like Nvidia and AT&T, and endorsements from other prominent firms, underscore its scalability and relevance in high-demand environments.
In another report released on October 24, Cantor Fitzgerald also maintained a Buy rating on the stock with a $60.00 price target.