FrogAds, Inc.'s stock soared 5.05% during intraday trading on Friday, reflecting significant investor interest in the company.
The price movement appears to be driven by positive analyst sentiment, with multiple firms maintaining Buy ratings on the stock. JP Morgan raised its price target for FROG to $68 from $65, while Cantor Fitzgerald maintained a Buy rating with an $80 target price. Additionally, BTIG and Robert W. Baird analysts also maintained their bullish stances on the company.
Despite some analysts reducing their price targets, the overall positive outlook from multiple firms, particularly JP Morgan's target increase, seems to have bolstered investor confidence, contributing to the stock's strong performance during the trading session.