JFrog price target raised to $52 from $45 at Canaccord

Canaccord raised the firm’s price target on JFrog (FROG) to $52 from $45 and keeps a Buy rating on the shares. The firm sid JFrog printed some standout numbers in Q2 with total revenues of $127M beating consensus by 3.3% and where Cloud built on strong Q1 results which serve as a nice rebound to generally slower Cloud growth during the balance in FY24 as customers gave more thought to migrations leading to extended deal cycles.