Update shared on11 Sep 2025
Fair value Increased 2.87%Analysts raised JFrog’s price target to $53.81, citing strong cloud growth, new product innovation (notably AppTrust), expanding cybersecurity initiatives, and greater confidence in its competitive positioning and exposure to AI trends.
Analyst Commentary
- Bullish analysts point to JFrog’s accelerating cloud business, improved recurring revenue, and expanding annual cloud commitments as key drivers behind stronger fundamental performance.
- Recent product announcements, notably the AppTrust solution, expand the platform’s scope and address critical customer pain points, providing new incentives for customers to upgrade.
- Increased analyst conviction in JFrog’s ability to execute and differentiate itself competitively, leading to the application of higher valuation multiples.
- The company's enhanced focus on cybersecurity, now a growing segment of its business, is contributing positively to growth rates and supporting multiple expansion.
- JFrog is seen as well-positioned to benefit from AI-driven software trends, given its role in organizing, securing, and managing code and data amid ongoing advancements in large language models and application layers.
What's in the News
- JFrog announced JFrog AppTrust, a governance, risk, and compliance platform natively integrated with ServiceNow AI, featuring automated policy enforcement, audit trails, promotion gates, evidence records, and cross-team dashboards to streamline software supply chain security and compliance.
- Unveiled JFrog Fly, an AI-driven developer experience platform supporting agentic workflows, zero-config software delivery, semantic release management, and seamless integration with other AI repositories and platforms to accelerate and simplify software releases.
- Launched the JFrog AI Catalog, a centralized hub for secure governance, consumption, deployment, and discovery of AI and ML models, with direct access to NVIDIA Nemotron and one-click deployment to various runtimes and AI providers.
- Introduced AI agent-based remediation capabilities for automated vulnerability detection and mitigation, integrating with GitHub Copilot to proactively flag, fix, and immunize code in accordance with organizational security policies.
- Provided Q3 and FY25 revenue guidance of $127–$129 million and $507–$510 million, respectively, and unveiled a Model Context Protocol Server to securely integrate LLMs/AI agents with the JFrog Platform, improving developer productivity and maintaining secure workflows.
Valuation Changes
Summary of Valuation Changes for JFrog
- The Consensus Analyst Price Target has risen slightly from $52.31 to $53.81.
- The Future P/E for JFrog has risen from 91.97x to 99.82x.
- The Net Profit Margin for JFrog has fallen from 13.09% to 12.41%.
Disclaimer
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