JFrog price target raised to $71 from $57 at KeyBanc

KeyBanc raised the firm’s price target on JFrog (FROG) to $71 from $57 and keeps an Overweight rating on the shares. The firm notes JFrog posted strong Q3 results, marking the biggest beat in company history, underpinned by Cloud growth of 50% year-over-year and driven by growing adoption of Security and converting customers to higher annual commitments.