DA Davidson analysts reaffirmed their Buy rating on JFrog (NASDAQ:FROG) with a $40 price target, noting positive momentum for the software company as demand strengthens.
According to proprietary developer data, JFrog’s metrics improved toward the quarter’s end, indicating rising interest. The analysts highlighted JFrog’s solid value proposition in the enterprise space, though the company continues to work against a limited perception of its capabilities. DA Davidson sees JFrog as well-positioned for future growth and, with recent discussions around a potential sale, maintains a bullish outlook on the stock.