JFrog’s Q1 2026 cloud revenue surged 50% year-over-year, driving a 26% overall revenue increase to $154 million.
Barclays raised its price target on JFrog (FROG) to $75 from $70, maintaining an Overweight rating after the company reported Q1 2026 revenue of $154 million, up 26% year-over-year. Cloud revenue led the growth, climbing 50% to $78.9 million and accounting for 51% of total revenue, compared to 43% in the same period last year.
The company’s net dollar retention rate improved to 120% from 116%, while customers spending over $1 million annually rose 48% to 80. Security adoption and AI-driven workloads also contributed to the quarter’s momentum, according to the firm.
Earlier in May, D.A. Davidson had raised its price target on JFrog to $90 from $65, citing strong cloud acceleration and post-earnings share gains. The stock’s short float stands at 4.89%, with upside potential of 22.90%.