Truist Securities analyst Miller Jump reiterated a Buy rating and $110.00 price target on JFrog (NASDAQ: FROG).

The analyst commented: "Multiple Paths to Sustained Growth Beyond FY26; We hosted JFrog CFO Ed Grabscheid and VP of IR Jeff Schreiner for investor meetings last week. We see more binary creation as coding agent adoption proliferates and the continued monetization of binaries as AI-generated code reaches production as the biggest nearterm drivers of momentum. Management was quick to impress upon us how meaningful the security opportunity could be in both the near and long term. We believe ModelOps is nascent but could become a material contributor in the long term including a "moonshot" opportunity with OpenAI (private). We came away incrementally more positive on the longterm durability of growth drivers which we unpack below."

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Shares of JFrog closed at $92.13 yesterday.