Sunday, 1 October 2023

Business News

JFrog (FROG) Receives a Buy from Truist Financial – TipRanks Financial Blog

nLight price target lowered to $30 from $40 at Raymond James

In a report released on September 14, Miller Jump from Truist Financial maintained a Buy rating on JFrog (FROGResearch Report), with a price target of $33.00. The company’s shares closed yesterday at $26.98.

According to TipRanks, Jump is a 4-star analyst with an average return of 18.4% and a 38.10% success rate. Jump covers the Technology sector, focusing on stocks such as MongoDB, JFrog, and Confluent.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for JFrog with a $34.00 average price target, implying a 26.02% upside from current levels. In a report released on September 15, D.A. Davidson also reiterated a Buy rating on the stock with a $40.00 price target.

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The company has a one-year high of $30.94 and a one-year low of $17.11. Currently, JFrog has an average volume of 953.7K.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FROG in relation to earlier this year. Last month, Yakov Shulman, the CFO of FROG bought 21,000.00 shares for a total of $49,980.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management (CSRM). The CSRM platform enables organizations to continuously deliver software updates across any system.

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