JFrog price target lowered to $63 from $75 at Oppenheimer

Oppenheimer analyst Ittai Kidron lowered the firm’s price target on JFrog (FROG) to $63 from $75 and keeps an Outperform rating on the shares. The firm’s Q1 JFrog checks suggest steady Artifactory consumption/pipeline build, growing Curation demand, and minimal disruption from the Iran conflict. Oppenheimer expects 2%-4% revenue upside to consensus, allowing for some modest Iran conflict moderation vs. 5.2%/6.7% upside in Q4 2025/Q3 2025. The firm views recent AI-driven pressure on the shares as overly bearish.