Oppenheimer analyst Ittai Kidron raised the firm’s price target on JFrog to $41 from $35 and keeps an Outperform rating on the shares. The firm believes JFrog offers an underappreciated platform growth story that can drive share outperformance in 2024. The company continues to enjoy a leadership position within its core binary management space, and its expansion into DevSecOps can help accelerate adoption by enabling customers to consolidate their spend on point solutions. Oppenheimer believes this offers an incremental growth avenue that can help expand NDRR and help the company sustain 20%-plus revenue growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FROG:
- JFrog CEO Shlomi sells $1.68M worth of shares
- ‘In GenAI We Trust’: Morgan Stanley Says These 2 Software Stocks Have More Room to Run
- JFrog CEO Shlomi sells 67,744 ordinary shares
- Salesforce upgraded, Chipotle downgraded: Wall Street’s top analyst calls
- JFrog upgraded to Overweight from Equal Weight at Morgan Stanley