JFrog price target lowered to $42 from $44 at BofA

BofA lowered the firm’s price target on JFrog (FROG) to $42 from $44 and keeps a Buy rating on the shares. JFrog reported “good results” with total revenue and non-GAAP operating income above the firm’s and Street estimates and the 2024 guidance was raised too, notes the analyst, who believes the Q3 results “gives a sigh of relief.” The firm’s long-term bullish view that JFrog is a share gainer in enterprise DevSecOps is unchanged, the analyst added.