JFrog price target raised to $32 from $30 at BofA

BofA analyst Koji Ikeda raised the firm’s price target on JFrog to $32 from $30 and keeps a Buy rating on the shares following a “constructive” headquarters visit for a product demo and talks with management. The firm thought management’s tone was upbeat and bullish and it came away from the visit more positive on JFrog’s long-term potential to disrupt the DevSecOps market, the analyst tells investors.