Barclays lowered the firm’s price target on JFrog (FROG) to $42 from $48 and keeps an Overweight rating on the shares. The firm sees the company’s Q1 results as a solid indication of the benefits JFrog can realize in a healthy developer environment. The results were better than expected across the board, but the guidance likely cautions investor excitement for the rest of the year, the analyst tells investors in a research note.
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