Robert W. Baird analyst Shrenik Kothari has maintained their bullish stance on FROG stock, giving a Buy rating yesterday.
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.
Shrenik Kothari has given his Buy rating due to a combination of factors that highlight JFrog’s strategic positioning and growth potential in the evolving AI and software delivery landscape. The company has successfully transitioned into a comprehensive system-of-record and software supply-chain platform, which is crucial as AI accelerates the demand for efficient storage, scanning, and governance of code and binaries. JFrog’s new AI-native products, such as Fly, AI Catalog, and AppTrust, have received strong endorsements from key partners like Nvidia and ServiceNow, reinforcing its role in enterprise AI delivery.
Additionally, JFrog’s integration into IT workflows and its ability to unify security, governance, and release processes across large enterprises position it as a critical component in the software development ecosystem. The company’s financial performance further supports the Buy rating, with impressive growth metrics such as 45% cloud growth and 75% RPO growth, along with a robust customer retention rate of 97%. These factors, coupled with endorsements from major industry players and a diversified, durable business model, underscore JFrog’s potential for sustained growth and enterprise stickiness.
Kothari covers the Technology sector, focusing on stocks such as Tenable Holdings, Cloudflare, and JFrog. According to TipRanks, Kothari has an average return of 26.8% and a 72.87% success rate on recommended stocks.