Stifel将JFrog目标价从64美元下调至52美元但维持买入评级

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Investing.com -- Stifel lowered its price target on Jfrog Ltd (NASDAQ:FROG) to $52 from $64, saying the software company became the latest casualty of investor concerns around artificial intelligence competition following Anthropic’s new security announcement.
The brokerage maintained a "Buy" rating, arguing that the sharp selloff, which saw shares drop roughly 25%, was driven more by sentiment than fundamental risk to the company’s core business.
The decline followed a blog post introducing a research preview of Claude Code Security, a tool designed to scan codebases for vulnerabilities and recommend fixes. The announcement triggered broad weakness across cybersecurity stocks, with several names falling between 6% and 9%, according to Stifel.
Despite the market reaction, analysts said the new AI feature does not appear to directly impact JFrog’s core binary management market. Instead, they believe customers are likely to keep code repositories and security tools separate to reduce risk, limiting immediate competitive pressure.
Stifel said valuation compression across enterprise software prompted the target price reduction, even as the firm expects the stock to stabilize near current levels given healthy growth dynamics and continued tailwinds from increased code generation tied to AI adoption.
Looking ahead, the brokerage projects revenue to rise to about $627 million in 2026 and $728 million in 2027, supported by ongoing DevOps demand and the expanding role of software release management tools.