Truist analyst Miller Jump raised the firm’s price target on JFrog (FROG) to $70 from $55 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s enterprise strategy seems to be firing on all cylinders with another quarter accelerating cloud growth, while its management indicated they are seeing the benefits of multiple growth initiatives converge that supported momentum in the quarter, the analyst tells investors in a research note.
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