Robert W. Baird Raised the PT on JFrog (FRGO), Keeps a Buy Rating
JFrog Ltd. (NASDAQ:FROG) is one of the 11 Unstoppable Tech Stocks to Invest in. On June 9, Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on JFrog Ltd. (NASDAQ:FROG) and raised the price target from $42 to $45. The price target upgrade is based on the positive response to the company’s enterprise-focused market strategies.
Kothari noted that the company is focused on targeting a greater number of larger customers as part of its enterprise-focused strategy. The analyst believes that this will increase average deal sizes and secure more multi-year contracts, thereby improving the overall profitability. Kothari also noted JFrog Ltd.’s (NASDAQ:FROG) integration with Hugging Face, noting it to be a significant step in artificial intelligence and machine learning strategy. The partnership enhances the security and trustworthiness of open-source ML models by providing “JFrog Certified” scans.
A corporate executive standing in front of a large monitor, demonstrating the DevOps package repository.
Moreover, despite some challenges in cloud growth and billings comparisons, Kothari views JFrog Ltd.’s (NASDAQ:FROG) revised annual cloud growth target as achievable, backed by positive feedback from partners and customers. During the fiscal first quarter of 2025, the company delivered $122.4 million in revenue, up 22% year-over-year. The company expects full-year 2025 baseline cloud growth to now be in the range of 31% to 33%.
JFrog Ltd. (NASDAQ:FROG) provides a comprehensive Software Supply Chain Platform that helps organizations manage, secure, and distribute software packages throughout the development lifecycle. It serves as a single system of record for all software packages, data, and machine learning models used and produced in the development process.
While we acknowledge the potential of FROG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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