JFrog Gets Upgrade to Moderate Buy Amid Analyst Price Targets

Stock analysts at Royal Bank Of Canada have upgraded JFrog (NASDAQ:FROG) to 'moderate buy' in a recent research note. This upgrade follows multiple other firms boosting their price targets and ratings for JFrog over the past month.

In August, KeyCorp raised its target on FROG from $89 to $114, assigning an 'overweight' rating. TD Cowen also increased its target to $120 with a 'buy' recommendation. On the other hand, Weiss Ratings reaffirmed their 'sell (d-)' rating, while Wall Street Zen downgraded FROG from 'buy' to 'hold'.

The average price target for JFrog now stands at $106.36, according to MarketBeat.com. The company's market capitalization is approximately $11.44 billion, with a beta of 1.22.