Raymond James Raises PT on JFrog Ltd. (FROG) to $55; Maintains ‘Outperform’ Rating

With strong share price gains and significant hedge fund interest, JFrog Ltd. (NASDAQ:FROG) secures a spot on our list of the 11 Hot Software Stocks to Buy Now.

Raymond James Raises PT on JFrog Ltd. (FROG) to $55; Maintains ‘Outperform’ Rating

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On August 8, 2025, Raymond James raised its price target on JFrog Ltd. (NASDAQ:FROG) from $50 to $55, maintaining an ‘Outperform’ rating. This price revision is driven by the company’s strong Q2 results, which were announced the day before.

JFrog Ltd. (NASDAQ:FROG)’s revenue and forward guidance exceeded the analyst’s estimates. Thanks to over-consumption and larger customer commitments, both Cloud and subscriber growth accelerated. The Cloud segment’s revenue increased by 45% year-over-year, and it represented 45% of total revenue. Meanwhile, total revenue reached $127.2 million, an increase of 23% YoY. For Q3, FROG expects total revenue to range between $127 and $129 million.

Still, the analyst believes that guidance remains overly conservative, indicating upside potential. Looking ahead, Raymond James feels optimistic about the company’s growth momentum, driven by its upcoming SwampUp user conference in early September.

JFrog Ltd. (NASDAQ:FROG) helps organizations store, manage, curate, and monitor software packages with its global software supply chain platform. It is included in our list of the hot stocks to buy.

While we acknowledge the potential of FROG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FROG and that has 100x upside potential, check out our report about this cheapest AI stock.

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