JFrog (FROG) PT Raised to $86 at KeyBanc

KeyBanc analyst Jason Celino raised the price target on JFrog (NASDAQ: FROG) to $86.00 (from $83.00) while maintaining an Overweight rating.

The analyst commented: "Ribbit and Hop, Usage Overages and Security Contributions Won't Stop; We 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. We come away with incremental confidence in management's consistent execution and ability to upside on guidance throughout the year, further confirming our view that JFrog remains a high-conviction story in developer software. To reflect our confidence, we are raising our estimates and price target modestly to $86 (from $83)."

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