Barclays analyst Ryan MacWilliams initiated coverage of JFrog with an Overweight rating and $50 price target. The analyst says the company benefits from organizations beginning to deploy generative artificial intelligence, which in turn supports a broadening DevOps total addressable market. More cloud demand for coding workloads due to generative AI means an improvement in customer consumption spend for JFrog as the global leader in binary management, the analyst tells investors in a research note.
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