TD Cowen raised the firm’s price target on JFrog (FROG) to $50 from $47 and keeps a Buy rating on the shares. Cloud growth of 42% was “well above Street at 34%,” driven by strong consumption, and FY25 total revenue guidance was raised to 18% from 17% as Cloud guidance was raised by 100 basis points, which the firm thinks is “conservative,” the analyst tells investors in a post-earnings note.
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Read More on FROG:
- JFrog price target raised to $45 from $40 at DA Davidson
- JFrog’s Robust Growth and Prudent Strategy Justify Buy Rating
- JFrog price target lowered to $42 from $48 at Barclays
- Strong Q1 Performance and Strategic Positioning Justify Buy Rating for JFrog
- Strong Financial Performance and Strategic Positioning Justify Buy Rating for JFrog
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