JFrog price target raised to $45 from $35 at Stifel

Stifel raised the firm’s price target on JFrog (FROG) to $45 from $35 and keeps a Buy rating on the shares after the company delivered “solid” Q4 results ahead of expectations on the top and bottom-line. While FY25 top-line guidance was only in-line with consensus, the firm notes that management’s 30%-32% FY25 cloud growth guidance came in above Street estimates of 28%.