DA Davidson raised the firm’s price target on JFrog to $55 from $45 and keeps a Buy rating on the shares. The company reported an “outstanding quarter” that significantly exceeded investor expectations while its cloud growth rapidly accelerated, the analyst tells investors in a research note. JFrog’s enterprise sales motion is driving adoption and leading to numerous net new $1M annual recurring revenue customers, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FROG: