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