$FROG - About to fly! 129% Upside potentialNASDAQ:FROG
As I've been calling out for the past month Tech Services and SaaS companies are the next phase of Ai and very hot right now based on the massive moves after meh to good earnings from the likes of NASDAQ:TEAM NASDAQ:MNDY NYSE:NET NASDAQ:CFLT
I believe this trend continues and this small 4B Mkt Cap company could really get going after earnings on Thursday!
- CupnHandle forming while Bull Flag breaking out
- Two year trendline is our safety net
- Massive Volume Shelf with GAP
- H5 Indicator made bullish cross and is GREEN
- WCB has formed
PTs: $43/ $57/ $67/ $84
NOT FINANCIAL ADVICE
Jfrog
JFROGJfrog priced an initial public offering of 11.6 million shares at $44, according to sources close to the deal, above the recently increased price talk range of $39 to $41 a share. The original target range for the offering had been $33 to $37 a share. The stock opened at $71.27, up 62% from its offering price, and finished the day at $64.79, up 47%.
JFrog posted revenue for the six months ended June 30 of $69.3 million, up 50% from the prior period. For the full year ended Dec. 31, revenue was $104.7 million, up 65%.