JFrog Ltd Shares Surpass Analyst Target Price, Catalyst for Review
Recently, shares of JFrog Ltd (Symbol: FROG) traded above the average 12-month analyst target price of $43.88, reaching $44.55 per share. Analysts face two choices when this occurs: either downgrade their valuation or adjust their target price higher.
The average price target for JFrog is derived from 17 analysts within the Zacks coverage universe. Targets vary widely, with one analyst setting a low target of $38.00 and another as high as $50.00. The standard deviation among these targets stands at $3.238.
The reasoning behind considering the average price target stems from the collective insights of multiple analysts, rather than relying on a single expert opinion. With FROG exceeding its average target price of $43.88, investors are prompted to assess whether this price is merely a milestone towards an even higher target or if the valuation is stretched, signaling a potential exit strategy.
| Recent FROG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 14 | 14 | 14 | 15 |
| Buy ratings: | 2 | 2 | 1 | 1 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.42 | 1.42 | 1.39 | 1.37 |
The average rating of 1.42 indicates a strong buy, where 1 is Strong Buy and 5 is Strong Sell. This data is sourced from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
