JFrog price target raised to $80 from $63 at Oppenheimer

Oppenheimer raised the firm’s price target on JFrog (FROG) to $80 from $63 and keeps an Outperform rating on the shares. The company notes JFrog reported strong Q1 results, topping revenue/EPS estimates on broad-based demand across customer types, regions, and verticals. Cloud revenue growth was especially strong, accelerating 800bps quarter-over-quarter, with Cloud now 51% of total revenue. Management also provided encouraging commentary on pipeline strength, AI workloads driving increased Cloud usage, and the growing contribution of security products. Oppenheimer believes these trends are sustainable and are reflected in the improving NRR and raised FY26 guidance.