JFrog price target raised to $70 from $60 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on JFrog (FROG) to $70 from $60 and keeps an Overweight rating on the shares. JFrog delivered an impressive beat on the quarter, outperforming consensus estimates on revenue, billings, and operating margin driven by sustained cloud consumption growth, expanding annual commitments, and large security wins, the analyst tells investors in a research note.