JFrog price target raised to $36 from $33 at Morgan Stanley

Morgan Stanley raised the firm’s price target on JFrog (FROG) to $36 from $33 and keeps an Overweight rating on the shares. Q2 was plagued by the push-out of several large cloud migration deals, but Q3 saw some of these deals land, resulting in revenue growth acceleration, the analyst tells investors. The firm continues to see potential for improved net retention emerging in calendar year 2025, the analyst added.