JFrog Analysts Boost Their Forecasts After Upbeat Q2 Results

Core Insights - JFrog Ltd reported better-than-expected Q2 financial results, with earnings of 18 cents per share, surpassing the analyst consensus estimate of 16 cents per share, and quarterly sales of $127.22 million, exceeding the estimate of $122.75 million [1] - The company raised its FY2025 sales guidance from a range of $500 million-$505 million to $507 million-$510 million, indicating positive growth expectations [1] - JFrog's CEO emphasized the company's focus on DevOps, Security, and MLOps, positioning it as a leader in the AI ecosystem [2] Financial Performance - Q2 earnings per share: 18 cents, beating the consensus estimate of 16 cents [1] - Q2 sales: $127.22 million, exceeding the estimate of $122.75 million [1] - FY2025 sales guidance raised to $507 million-$510 million from $500 million-$505 million [1] Analyst Ratings and Price Targets - Needham analyst Mike Cikos maintained a Buy rating and raised the price target from $46 to $55 [8] - Piper Sandler analyst Rob Owens maintained a Neutral rating and raised the price target from $40 to $48 [8] - Barclays analyst Ryan Macwilliams maintained an Overweight rating and raised the price target from $45 to $52 [8] - Keybanc analyst Jason Celino maintained an Overweight rating and raised the price target from $46 to $52 [8] - Stifel analyst Brad Reback maintained a Buy rating and raised the price target from $45 to $53 [8]