JFrog soars after revenue beat, forecast hike

** Shares of software tools maker JFrog FROG.O rise 16.65% to $42.25 premarket

** Co's Q2 rev rises 23% y/y to $127.2 mln, beating estimates of $122.80 mln

** Co forecasts FY 2025 revenue between $507 mln and $510 mln vs previous forecast of $500 mln to $505 mln

** At least five brokerages raise PTs on the stock after results

** Co continues to make progress on how it sells to big companies and refine strategy for machine learning operations, which could unlock a new growth lever - Barclays

** Eighteen of 20 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $48, as per LSEG data

** As of Thursday, FROG up ~32% YTD