JFrog (NASDAQ:FROG) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist raised its price target on JFrog to $120 from $115 and maintained a Buy rating, implying about 19.8% upside from the cited share price. Analysts overall rate the stock “Moderate Buy,” with an average target of $111.81.
• JFrog’s third-quarter results beat estimates: adjusted EPS was $0.32 versus $0.23 expected, while revenue rose 30.9% year over year to $179.2 million. The company also raised its 2026 revenue outlook to $680 million–$682 million.
• Shares surged 34.3% on Friday to $100.19, approaching their 52-week high of $105.76.

JFrog (NASDAQ:FROG - Get Free Report) had its target price lifted by equities research analysts at Truist Financial from $115.00 to $120.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 19.77% from the company's current price.

A number of other brokerages also recently weighed in on FROG. Needham & Company LLC reaffirmed a "buy" rating and issued a $115.00 target price on shares of JFrog in a research note on Thursday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of JFrog in a research note on Thursday, October 15th. UBS Group set a $115.00 price objective on JFrog in a report on Friday, October 23rd. Barclays reissued an "overweight" rating and set a $110.00 price target on shares of JFrog in a research note on Friday, August 7th. Finally, Benchmark increased their price target on JFrog from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $111.81.

JFrog Trading Up 34.3%

NASDAQ FROG traded up $25.57 during trading hours on Friday, reaching $100.19. 4,295,240 shares of the company's stock were exchanged, compared to its average volume of 2,701,434. The firm has a fifty day moving average of $93.48 and a 200-day moving average of $72.36. JFrog has a one year low of $34.05 and a one year high of $105.76. The stock has a market cap of $12.35 billion, a PE ratio of -270.90 and a beta of 1.31.

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

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 120,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the completion of the transaction, the director owned 2,744,328 shares of the company's stock, valued at $266,858,454.72. This represents a 4.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 18,794 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $86.98, for a total transaction of $1,634,702.12. Following the transaction, the executive directly owned 668,678 shares of the company's stock, valued at $58,161,612.44. This represents a 2.73% 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. In the last three months, insiders have sold 900,453 shares of company stock worth $85,299,266. Corporate insiders own 11.80% of the company's stock.

Hedge Funds Weigh In On JFrog

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in JFrog by 160.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 354,869 shares of the company's stock worth $34,437,000 after acquiring an additional 218,368 shares during the last quarter. Pier 88 Investment Partners LLC acquired a new position in shares of JFrog during the third quarter worth $543,000. Illinois Municipal Retirement Fund acquired a new stake in JFrog in the third quarter valued at $3,000,000. Knights of Columbus Asset Advisors LLC increased its holdings in JFrog by 22.3% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 27,865 shares of the company's stock valued at $2,704,000 after purchasing an additional 5,088 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its holdings in JFrog by 348.1% in the third quarter. Kornitzer Capital Management Inc. KS now owns 81,100 shares of the company's stock valued at $7,870,000 after purchasing an additional 63,000 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Key JFrog News

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

About JFrog

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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