JFrog elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson analyst Gil Luria elevated JFrog to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Buy rating and $55 price target on the stock. The company is one of the only solutions available that can handle the necessary scale and complexity of enterprise environments today across any deployment whether on-prem, hybrid, or multi-cloud, the analyst tells investors in a research note. All of JFrog metrics are also healthy given its current scale, while the trajectory of improvement across the board puts the company on track to become a top quartile performer, DA Davidson added.