.September 11, 2024 04:18:00 PM

DA Davidson analysts reiterated their Buy rating for JFrog (NASDAQ:FROG) with a price target of $40 after attending the company’s swampUp user conference in Austin, Texas. They highlighted JFrog’s strategy to expand into the security market and explore opportunities in machine learning operations (MLOps). The analysts praised JFrog’s new platform capabilities, especially the introduction of a runtime security add-on leveraging their expertise in managing binaries.

Despite JFrog’s progress in enhancing its platform with security features, analysts emphasized the importance of executing a strong go-to-market strategy to capitalize on these advancements and drive growth in the security space.