Canaccord lowered the firm’s price target on JFrog (FROG) to $66 from $75 and keeps a Buy rating on the shares. The firm said they posted another beat and raise in Q4 with revenues well ahead of consensus. Cloud strength was again driven by broad-based product adoption including Advanced Security and Curation, continued conversion of customers consuming above minimum commitments into higher annual contracts, and strong Enterprise+ penetration reaching 57% of revenue.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FROG:
- JFrog: Strong Execution, Cloud-Driven Upside, and AI Tailwinds Support Sustained Double-Digit Growth and Buy Rating
- JFrog: Strong Execution, Conservative FY26 Outlook and Cloud-Security Momentum Support Buy Rating
- JFrog sees Q1 adjusted EPS 20c-22c, consensus 20c
- JFrog reports Q4 adjusted EPS 22c, consensus 19c
- JFrog sees FY26 adjusted EPS 88c-92c, consensus 88c