JFrog Ltd. (NASDAQ:FROG) is one of the 12 best mid cap AI stocks to buy according to hedge funds. On February 8, Robert W. Baird analyst Shrenik Kothari reaffirmed a Buy rating on JFrog Ltd. (NASDAQ:FROG) while increasing the firm’s price target on the stock from $70 to $78. He cited the company’s strong growth profile and conservative guidance. According to the analyst, current Wall Street expectations are modest, projecting mid-teens total revenue growth and high-20s to low-30s cloud growth. He noted that usage continues to exceed minimum commitments, while management’s outlook does not fully reflect the potential upside from usage overages, large cloud migrations, and emerging AI demand.
In addition to Robert W. Baird, Bank of America Securities maintained a Buy rating on JFrog Ltd. (NASDAQ:FROG) and set a $74 price target on February 6. The firm said that the company is expected to be among the first enterprise software stocks to rebound once the SaaSpocalypse comes to an end. According to the analyst, the investment case for JFrog Ltd. (NASDAQ:FROG) is straightforward. He said that the increased adoption of AI generates more binaries, which directly benefits the company.
The BofA analyst highlighted:
”JFrog is an AI beneficiary. Why? AI is creating more code and more risks…this we are certain. That code needs to be transformed into something a machine can use, which are binaries. JFrog is the leading tool that helps enterprises manage the distribution of binaries (i.e., the supply chain of software) and the mitigation of the risks associated with them (i.e., bad code, hackers and more). This is driving higher usage of JFrog, which can be seen in the accelerating growth in Cloud revenue (+50% y/y in 3Q25, up from +45% in 2Q25).”
JFrog Ltd. (NASDAQ:FROG) provides a supply chain platform across Israel, the United States, India, and worldwide. It provides JFrog Artifactory, JFrog Xray, JFrog Advanced Security, and JFrog Runtime Security, as well as JFrog ML, JFrog Distribution, and JFrog Connect. The company serves financial services, healthcare, technology, retail, and telecommunications organizations.
While we acknowledge the potential of FROG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.

















