JFrog price target lowered to $25 from $40 at Scotiabank

Scotiabank lowered the firm’s price target on JFrog to $25 from $40 and keeps a Sector Perform rating on the shares. The company’s Q2 results and outlook were weak, with management calling out a more challenging macro environment, customer migrations slower, and a decline in cloud consumption for pay-as-you-go customers as contributing factors, the analyst tells investors.