JFrog Ltd. shares jumped 11.1% on Friday. The company's market capitalization now exceeds $10.6 billion.
TD Cowen raised its price target for the stock to $100. UBS also increased its price target to $92. Analysts cited JFrog's strong position in AI-focused tools and software supply chain security as primary growth drivers.
The rally follows JFrog's inclusion in the Russell 3000 index and a collaboration with Anthropic. The company is increasingly focused on managing AI development workflows and securing cloud-native software pipelines.