JFrog price target raised to $39 from $36 at Needham

Needham raised the firm’s price target on JFrog (FROG) to $39 from $36 and keeps a Buy rating on the shares. The company has raised Self-Managed pricing for the fourth consecutive year, and while this was not thesis-changing, the firm sees a slight tailwind to Self-Managed growth, the analyst tells investors in a research note. JFrog benefits longer-term from the broadened platform, including Security and MLOps, the firm added.