DA Davidson raised the firm’s price target on JFrog (FROG) to $60 from $55 and keeps a Buy rating on the shares. The firm comes away from the company’s swampUp user conference and accompanying analyst event with increased confidence in JFrog’s positioning and outlook for future growth, the analyst tells investors in a research note. DA Davidson adds it was mpressed with the multiple new products announced expanding the scope of the platform, particularly the new AppTrust solution, given its solves a key customer pain point and provides another incentive for JFrog customers to upgrade to Enterprise Plus.
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