Analysts Offer Insights on Technology Companies: Shopify (SHOP) and JFrog (FROG)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Shopify (SHOP) and JFrog (FROG) with bullish sentiments.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shopify (SHOP)
In a report released today, Siti Panigrahi from Mizuho Securities maintained a Buy rating on Shopify. The company’s shares closed last Wednesday at $117.43, close to its 52-week high of $129.38.
According to TipRanks.com, Panigrahi has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Shopify is a Strong Buy with an average price target of $164.05, a 36.7% upside from current levels. In a report issued on March 17, Truist Financial also maintained a Buy rating on the stock with a $150.00 price target.
See the top stocks recommended by analysts >>
JFrog (FROG)
Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on JFrog today and set a price target of $78.00. The company’s shares closed last Wednesday at $47.55.
According to TipRanks.com, Kothari is a 5-star analyst with an average return of
JFrog has an analyst consensus of Strong Buy, with a price target consensus of $69.07, implying a 55.1% upside from current levels. In a report issued on March 16, Guggenheim also initiated coverage with a Buy rating on the stock with a $60.00 price target.
Read More on SHOP:
Disclaimer & DisclosureReport an Issue
- SHOP, LULU, QSR: Business Confidence in Canada Falls as Fuel Costs Rise
- Bearish options flow identified in Shopify with shares down 1.26%
- Bank of Canada Holds Interest Rates Steady as Economic Concerns Rise
- Shopify Stock (SHOP) Falls on AI Fears. Here’s Why I’m Bullish
- Option traders moderately bearish in Shopify with shares down 2.87%
