Price: $17.54, Change: $-0.27, Percent Change: -1.52%
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Research Alert: CFRA Maintains Buy Rating On Shares Of Jfrog Ltd.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price to $79 from $61. This is based on a forward EV/S multiple of 13x our 2027 sales projection of $741M, above its three-year average. We raise our 2026 EPS view to $0.97 from $0.92 and our 2027 EPS forecast to $1.12 from $1.10. FROG reported solid Q1 beats, with total revenue of $154M, up 26% Y/Y and exceeding expectations, driven by cloud revenue of $78.9M (up 50% Y/Y), which crossed 51% of total revenue for the first time. Self-managed revenue grew 8% to $75.1M. The company is benefitting from AI tailwinds through accelerating cloud adoption and expanding enterprise relationships, evidenced by 120% net dollar retention during the quarter. Despite competitive risks, we believe FROG's platform remains highly relevant in an AI environment as a system of record managing both legacy binaries and AI-generated artifacts. FROG also announced its first $300M share repurchase authorization.
$FROG
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Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Rocket Lab Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $40 to $140, applying an EV/revenue multiple of 62.7x to our 2027 estimate, a premium to its five-year historical average at 43.1x. We trim our 2026 loss estimate by $0.02 to -$0.13 and lower 2027's by $0.06 to a loss of -$0.01. RKLB secured a record number of launches in backlog, with more than 70 scheduled launches, and is on track to surpass its previous annual launch record, indicating strong demand and operational cadence for its launch vehicles. RKLB is recognized as a preferred supplier across the space industry, with its components and platforms being selected for flagship missions such as Artemis, Mars rovers, and the International Space Station resupply, as well as for national security programs. Strong customer confidence and demand for the Neutron launch vehicle was evidenced by significant pre-launch bookings and the largest contract in company history, with pricing maintained at healthy commercial levels.
$RKLB
Research
Research Alert: CFRA Maintains Hold Rating On Shares Of Circle Internet Group Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price by $26 to $145, applying a forward EV/EBITDA multiple of 33.2x on our 2027 EBITDA estimate. Despite a strong Q1 in terms of Y/Y transaction and circulation growth, USDC circulation was flat Q/Q, notwithstanding positive regulatory momentum. Management is executing a bold pivot following a successful $222M presale for its new Arc L1 blockchain (with backers including A16Z and BlackRock). It also launched an agent stack for AI payments that creates massive potential long-term opportunities but introduces further execution into the business model near term, in our view. The CLARITY Act has gained momentum in recent weeks, with the Senate Banking Committee set to vote on the current proposal in two days. We believe a large grey area still exists impacting whether stablecoins are allowed to pay yield for "staked" tokens, depending on how rules are enforced based on the currently proposed bill. We lift our 2026 EPS estimate from $0.75 to $0.82 and maintain our 2027 EPS estimate at $1.42.
$CRCL