DA Davidson Reiterates Buy Rating on JFrog (FROG)

DA Davidson analyst Gil Luria reiterated a Buy rating and $40.00 price target on JFrog (NASDAQ: FROG).

The analyst commented: "We are providing our updated thoughts on FROG based on feedback from checks with the DEN and analysis from our proprietary developer datasets. Notably, our proprietary developer data for JFrog inflected higher towards the end of the quarter suggesting strong demand. DEN checks were positive about JFrog's strong value proposition in the enterprise though it continues to fight a perception as a one trick pony. We view the company as well positioned for growth and with the new possibility of the company exploring a sale reiterate our BUY rating and $40 price target."

For an analyst ratings summary and ratings history on JFrog click here. For more ratings news on JFrog click here.

Shares of JFrog closed at $31.05 yesterday.

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