Shares of JFrog Ltd. (FROG) surged 14.46% in pre-market trading on Friday, following the company's impressive second-quarter 2025 financial results and raised full-year guidance. The software supply chain management company significantly outperformed analyst expectations, driving investor enthusiasm.

JFrog reported a 23% year-over-year increase in revenue to $127.2 million, beating the consensus estimate of $122.80 million. The company's performance was particularly strong in its cloud segment, with cloud revenue growing 45% year-over-year to $57.1 million, now accounting for 45% of total revenue. In response to the strong results, JFrog raised its full-year 2025 revenue forecast to between $507 million and $510 million, up from the previous forecast of $500 million to $505 million.

The market's positive reaction was further fueled by multiple brokerages raising their price targets for JFrog. Barclays, Needham, and TD Cowen were among the firms that increased their targets, citing JFrog's progress in selling to big companies and its refined strategy for machine learning operations. Analysts view these developments as potential new growth levers for the company. The strong quarterly results and upbeat outlook suggest that JFrog is well-positioned to continue its growth trajectory in the competitive software development market.