Canaccord Genuity Maintains Buy on JFrog, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity maintains a Buy rating on JFrog (NASDAQ:FROG) but lowers the price target from $48 to $38.
August 08, 2024 | 11:42 am
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on JFrog but lowers the price target from $48 to $38.
The Buy rating suggests continued confidence in JFrog's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100