JFrog price target lowered to $40 from $45 at Scotiabank

Scotiabank analyst Nick Altmann lowered the firm’s price target on JFrog to $40 from $45 and keeps a Sector Perform rating on the shares. The company’s Q1 results were muted than its Q4 results and will likely pressure shares in the near term, the analyst tells investors. Further, less upside and a modest guidance tweak point to Q4 being an anomaly versus a trend, the firm adds.