Needham raises JFrog stock price target to $80 on cloud growth

Needham has increased its price target for JFrog (NASDAQ:FROG) stock to $80 from $70, maintaining a Buy rating. This adjustment follows JFrog's stronger-than-expected cloud revenue growth, which accelerated to 50% year-over-year. The company's robust performance led management to raise its 2026 cloud revenue growth guidance, reflecting sustained customer commitments and a strong market for software spending.