
JFrog (FROG) Stock Forecast & Price Target
JFrog (FROG) Analyst Ratings
Bulls say
JFrog Ltd demonstrated significant growth in its customer base, with the number of customers generating at least $100,000 of annual recurring revenue (ARR) rising to 1,018, marking a 52-quarter-on-quarter increase. The company's SaaS revenue saw a remarkable 37% year-over-year growth, reaching $49.4 million in the fourth quarter and contributing to an annual revenue estimate of $168 million for the current year, aligning well with management's guidance of around 40% growth. This robust performance, driven by large deal activity, an increased focus on security, and a successful migration strategy to cloud-based offerings, positions JFrog favorably for sustained high-teens revenue growth in the coming years.
Bears say
The analysis indicates a negative outlook on JFrog's stock primarily due to a decline in Net Revenue Retention (NRR), which decreased from 117% in the previous quarter to 116%, signaling potential challenges in maintaining customer contracts and revenue from existing customers. Additionally, increased competition from pure-play DevOps firms and hyperscalers is exerting pricing pressure and leading to a decline in the total customer count, which fell to 7,300, raising concerns about future revenue growth and market share. Moreover, there are risks associated with slower product launches, lower adoption rates for premium features, and macroeconomic factors, which could further impair key investor metrics and negatively impact overall investor sentiment towards the company.
This aggregate rating is based on analysts' research of JFrog and is not a guaranteed prediction by Public.com or investment advice.
JFrog (FROG) Analyst Forecast & Price Prediction
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