JFrog (NASDAQ:FROG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada raised JFrog’s price target to $121 from $118 and maintained an Outperform rating, implying about 20% upside from the then-current share price. Analysts overall hold a Moderate Buy consensus with an average target of $111.95.
• JFrog’s latest quarter beat expectations: adjusted EPS was $0.32 versus $0.23 expected, and revenue reached $179.2 million, up 30.9% year over year. The company also raised its 2026 revenue outlook to $680 million–$682 million.
• Shares rose 34.6% in Friday trading to $100.47. The article also reports substantial recent insider selling, totaling about $85.3 million over three months.

JFrog (NASDAQ:FROG - Get Free Report) had its target price increased by equities researchers at Royal Bank Of Canada from $118.00 to $121.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 20.44% from the company's current price.

Several other research analysts have also issued reports on FROG. KeyCorp increased their target price on JFrog from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on JFrog from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JFrog in a research note on Thursday, October 15th. Stifel Nicolaus set a $102.00 price objective on JFrog in a report on Friday, September 4th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $115.00 price objective on shares of JFrog in a research report on Wednesday. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $111.95.

JFrog Trading Up 34.6%

Shares of FROG traded up $25.84 during mid-day trading on Friday, reaching $100.47. 4,450,074 shares of the stock traded hands, compared to its average volume of 2,702,001. The company has a market cap of $12.39 billion, a price-to-earnings ratio of -272.21 and a beta of 1.31. JFrog has a 1 year low of $34.05 and a 1 year high of $105.76. The firm has a fifty day moving average price of $93.48 and a 200 day moving average price of $72.36.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $179.17 million during the quarter, compared to analyst estimates of $165.92 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%. The company's revenue was up 30.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, sell-side analysts anticipate that JFrog will post -0.11 EPS for the current year.

Insiders Place Their Bets

In related news, Director Frederic Simon sold 120,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total value of $11,668,800.00. Following the completion of the transaction, the director directly owned 2,744,328 shares of the company's stock, valued at approximately $266,858,454.72. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry Zwarenstein sold 1,250 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $90.10, for a total value of $112,625.00. Following the sale, the director directly owned 29,187 shares in the company, valued at $2,629,748.70. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 900,453 shares of company stock worth $85,299,266 in the last three months. 11.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its position in shares of JFrog by 85,066.4% during the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company's stock worth $157,796,000 after purchasing an additional 3,358,422 shares in the last quarter. Congress Asset Management Co. increased its holdings in shares of JFrog by 14.4% in the 3rd quarter. Congress Asset Management Co. now owns 1,420,301 shares of the company's stock valued at $137,826,000 after purchasing an additional 178,310 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of JFrog by 48.2% in the first quarter. Bank of America Corp DE now owns 2,517,899 shares of the company's stock valued at $118,165,000 after purchasing an additional 819,326 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of JFrog by 78.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company's stock valued at $92,214,000 after purchasing an additional 861,835 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in JFrog by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 904,403 shares of the company's stock worth $87,763,000 after buying an additional 9,520 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

Key Headlines Impacting JFrog

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: JFrog reported Q3 adjusted earnings of $0.32 per share, above the $0.23 consensus, while revenue of $179.2 million rose 31% year over year and topped expectations of about $165.9 million. JFrog Announces Third Quarter 2026 Results
• Positive Sentiment: The company raised its 2026 revenue forecast to $680 million–$682 million, and projected cloud baseline growth of 52%–54%, signaling continued momentum in its cloud business. JFrog projects FY 2026 revenue of $680M-$682M
• Positive Sentiment: Reports cited AI coding adoption as a major growth driver, alongside expanding use of JFrog’s cloud and security offerings. That adds to the positive outlook by pointing to demand across several product areas. JFrog Posts Blowout Earnings. AI Coding Was the Biggest Growth Driver.
• Positive Sentiment: Truist raised its price target to $120 from $115 and maintained a Buy rating; KeyCorp also lifted its target, to $118 from $114, with an Overweight rating. Truist Securities Adjusts Price Target on JFrog
• Neutral Sentiment: Piper Sandler raised its target to $95 from $90 but kept a Neutral rating, reflecting a more cautious view than the other target increases. Piper Sandler stock recommendations

JFrog Company Profile

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.

The company's products include JFrog Artifactory, a repository for storing and managing software packages and container images; JFrog Xray, which provides security and compliance analysis for software components; and tools for continuous integration, continuous delivery, software distribution and release management.

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