They Called This Stock a Winner in the AI Coding Boom. A Year Later, It’s Up 94%.
On November 7, 2025, JFrog (NASDAQ:FROG | FROG Price Prediction) was one of the most closely followed names in software. The company had just reported third-quarter revenue of $136.91 million, ahead of the $128.30 million consensus, and shares surged more…
On November 7, 2025, JFrog (NASDAQ:FROG | FROG Price Prediction) was one of the most closely followed names in software. The company had just reported third-quarter revenue of $136.91 million, ahead of the $128.30 million consensus, and shares surged more than 25% on the results. Three firms stepped in that same morning. KeyBanc raised its target to $71 with an Overweight rating. Morgan Stanley lifted its target to $70, also Overweight. Oppenheimer upgraded the stock to Outperform with a $75 target.
Measured from the $47.26 close on November 6, JFrog is up 92.59%. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) gained 13.1% over the same stretch. All three targets have been cleared.
The road to that gain, though, ran straight through a crash.
Why Three Firms Piled Into the AI Coding Trade
JFrog had just posted a strong earnings beat, with 50% cloud growth...