JFrog price target raised to $86 from $83 at KeyBanc

KeyBanc analyst Jason Celino raised the firm’s price target on JFrog (FROG) to $86 from $83 and keeps an Overweight rating on the shares. The firm hosted investor meetings with JFrog’s CFO Ed Grabscheid and Head of IR Jeff Schreiner, which largely focused on the company’s Cloud growth sustainability, AI-native customers, and opportunity with security. KeyBanc came away with incremental confidence in management’s consistent execution and ability to upside on guidance throughout the year, further confirming its view that JFrog remains a high-conviction story in developer software.