DA Davidson analyst Gil Luria raised the firm’s price target on JFrog to $40 from $30 and keeps a Buy rating on the shares. The company’s Q3 performance was “strong” and it looks well-positioned to benefit from several long and near-term growth drivers, the analyst tells investors in a research note. DA Davidson sees JFrog as one of the best stories in software, and their ability to drive additional product expansion “reinforces this viewpoint”.
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