JFrog price target raised to $45 from $40 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on JFrog (FROG) to $45 from $40 and keeps a Buy rating on the shares. The firm notes that DEN checks were positive about JFrog’s near term opportunity to help customers build and manage open-source models with Qwak, while its proprietary developer data for JFrog showed accelerating growth, suggesting healthy adoption trends, the analyst tells investors in a research note. JFrog is a beneficiary from the rotation from AI hardware to AI software infrastructure, the firm added.