Morgan Stanley raised the firm’s price target on JFrog (FROG) to $70 from $65 and keeps an Overweight rating on the shares. JFrog delivered “impressive results” for the fourth straight quarter, once again highlighted by the cloud business, the analyst tells investors. 50% cloud growth “underscores why it is the best way to play the explosion in AI-generated code,” the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FROG:
- JFrog price target raised to $65 from $55 at Canaccord
- Oppenheimer upgrades JFrog to Outperform on attractive AI opportunity
- JFrog price target raised to $67 from $57 at Barclays
- JFrog upgraded to Outperform from Perform at Oppenheimer
- JFrog’s Strong Cloud Growth and Strategic Investments Justify Buy Rating