Morgan Stanley raised the firm’s price target on JFrog (FROG) to $70 from $65 and keeps an Overweight rating on the shares. JFrog delivered “impressive results” for the fourth straight quarter, once again highlighted by the cloud business, the analyst tells investors. 50% cloud growth “underscores why it is the best way to play the explosion in AI-generated code,” the analyst added.
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Read More on FROG:
- JFrog price target raised to $65 from $55 at Canaccord
- Oppenheimer upgrades JFrog to Outperform on attractive AI opportunity
- JFrog price target raised to $67 from $57 at Barclays
- JFrog upgraded to Outperform from Perform at Oppenheimer
- JFrog’s Strong Cloud Growth and Strategic Investments Justify Buy Rating