JFrog price target raised to $45 from $38 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on JFrog (FROG) to $45 from $38 and keeps a Buy rating on the shares. The firm said the company continued its strong momentum, with a solid set of results in Q4. While early, the business is showing signs of emerging from a period in which it navigated a few all-too-familiar trends; the timing of cloud migrations, slightly lower self-managed expectations as customers paused on-premise investments in front of future cloud migrations, and overall macroeconomic uncertainty.