JFrog price target raised to $33 from $29 at JPMorgan

JPMorgan analyst Pinjalim Bora raised the firm’s price target on JFrog to $33 from $29 and keeps an Overweight rating on the shares. The analyst is “leaning positive” going into the company’s Q2 print. The firm says positive comments from a channel partner who indicated a “pick-up” in her JFrog practice in Q2 as compared to Q1 implies a minor improvement in the business environment , especially with respect to self-managed subscriptions. It continues to see room for both the top line and bottom-line numbers to go higher as some of JFrog’s newer products start to gain traction.