JFrog initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver initiated coverage of JFrog with an Overweight rating and $29 price target. JFrog’s strength in artifact/binary/software package management sets up nicely to capture the adjacent areas in DevSecOps, in particular the security and edge/IoT opportunities, the analyst tells investors in a research note. Also, the firm believes JFrog’s end-to-end, hybrid, DevSecOps platform is competitively positioned to tackle the foundational needs in software supply chain management to accelerate software delivery.