JFrog price target raised to $30 from $24 at Piper Sandler

Piper Sandler analyst Rob Owens raised the firm’s price target on JFrog to $30 from $24 and keeps a Neutral rating on the shares. The company’s Q2 results were “solid,” with upside across guided metrics despite the macro backdrop remaining challenging, the analyst tells investors. While early commentary around Advanced Security adoption bodes well for future growth, the firm remains Neutral on the stock due to deceleration and the volatile environment, the firm says.