JFrog price target lowered to $60 from $70 at BTIG

BTIG analyst Nick Altmann lowered the firm’s price target on JFrog (FROG) to $60 from $70 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results among Application Software names. Multiple trackers show supply-chain attacks persisting in Q1, supporting Core Security bookings momentum and a more second-half-weighted bookings profile that should provide more of a revenue buffer in the first half of the year, the analyst tells investors in a research note.