JFrog price target raised to $50 from $45 at DA Davidson

DA Davidson raised the firm’s price target on JFrog (FROG) to $50 from $45 and keeps a Buy rating on the shares. The company delivered strong results to finish 2024 with cloud migrations, enterprise go-to-market investments, and security adoption driving growth, and while its guidance was conservative, it still came in above expectations, the analyst tells investors in a research note.