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

Truist raised the firm’s price target on JFrog (FROG) to $45 from $35 and keeps a Buy rating on the shares. The company produced strong Q4 results across the board driven by better execution amidst a continued challenging demand environment, and the highlight of the quarter was outperformance in their SaaS business, the analyst tells investors in a research note. JFrog also broke out its Security products as a material contributor to the business, reaching 5% of annual recurring revenue, the firm adds.