Piper Sandler Forecasts Strong Price Appreciation for JFrog (NASDAQ:FROG) Stock

Posted by George Bondi on Nov 8th, 2026

JFrog (NASDAQ:FROG – Get Free Report) had its target price hoisted by equities research analysts at Piper Sandler from $90.00 to $95.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s target price suggests a potential downside of 5.92% from the company’s previous close.

Several other equities research analysts have also recently issued reports on FROG. Royal Bank Of Canada reiterated an “outperform” rating and issued a $118.00 price objective on shares of JFrog in a report on Thursday, September 3rd. Barclays reissued an “overweight” rating and set a $110.00 target price on shares of JFrog in a report on Friday, August 7th. Morgan Stanley set a $100.00 target price on JFrog in a research report on Friday, August 7th. Guggenheim raised their target price on JFrog from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer lifted their price target on JFrog from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Twenty-one analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.19.

View Our Latest Research Report on JFrog

JFrog Stock Up 35.3%

Shares of FROG stock opened at $100.98 on Friday. The stock has a market cap of $12.45 billion, a PE ratio of -561.00 and a beta of 1.31. The business has a 50-day simple moving average of $93.42 and a 200-day simple moving average of $72.58. JFrog has a 52-week low of $34.05 and a 52-week high of $105.76.

JFrog (NASDAQ:FROG – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $179.17 million during the quarter, compared to analysts’ expectations of $165.92 million. JFrog had a negative net margin of 3.29% and a negative return on equity of 1.58%. The firm’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. Sell-side analysts anticipate that JFrog will post -0.11 earnings per share for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, CRO Tali Notman sold 19,157 shares of JFrog stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $90.51, for a total value of $1,733,900.07. Following the completion of the transaction, the executive directly owned 687,472 shares of the company’s stock, valued at $62,223,090.72. The trade was a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $90.86, for a total transaction of $10,903,200.00. Following the completion of the transaction, the director owned 2,984,328 shares of the company’s stock, valued at $271,156,042.08. This trade represents a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 900,453 shares of company stock worth $85,299,266. 11.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of JFrog by 85,066.4% during the first 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. Bank of America Corp DE increased its holdings in 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 buying an additional 819,326 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in 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 buying an additional 861,835 shares in the last quarter. Lazard Asset Management LLC raised its stake in JFrog by 41.9% in the first quarter. Lazard Asset Management LLC now owns 1,716,050 shares of the company’s stock valued at $80,534,000 after buying an additional 506,366 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in JFrog by 48.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,592,386 shares of the company’s stock valued at $74,731,000 after buying an additional 517,291 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

More JFrog News

Here are the key news stories impacting JFrog this week:

Positive Sentiment: JFrog reported third-quarter adjusted EPS of $0.32, above the $0.23 consensus, while revenue of $179.2 million beat expectations of $165.9 million and grew 31% year over year. JFrog Shares Rally on Outlook Boost, 3Q Beat
Positive Sentiment: AI-driven coding activity is boosting demand for JFrog’s software tools. Reports highlight cloud revenue growth of about 60%, reinforcing the view that the company is benefiting from wider adoption of AI coding agents. JFrog Cloud Revenue Surges 60% Amid AI-Driven Software Growth
Positive Sentiment: The company raised its 2026 revenue outlook to $680–$682 million and projected cloud baseline growth of 52%–54%, signaling continued momentum beyond the quarterly beat. JFrog Projects 2026 Revenue and Cloud Growth
Positive Sentiment: Several firms raised price targets and kept bullish ratings: RBC to $121, Truist to $120, KeyCorp to $118 and Canaccord to $110. These revisions reflect stronger analyst expectations after the results. Truist Raises JFrog Price Target
Negative Sentiment: Piper Sandler raised its target from $90 to $95 but maintained a neutral rating; the target remains below the stock’s recent trading level, suggesting some analysts see limited near-term upside after the rally.

About JFrog

(Get Free Report)

JFrog Ltd. develops software delivery and supply-chain tools for organizations building and deploying applications. Its platform helps teams manage software packages and other binary artifacts throughout the development lifecycle, from creation and testing to distribution and deployment.

Its products include JFrog Artifactory, a repository manager for storing and managing software artifacts, and JFrog Xray, which scans software components for security vulnerabilities and policy issues.