12:02 PM EDT, 03/24/2026 (MT Newswires) -- JFrog ( FROG ) could gain from steady demand, AI-related growth, and upside to spending over the next few years, with upcoming Q1 results expected to act as a catalyst, UBS Securities said.

The brokerage said in a Monday note that its checks found little evidence that customers are cutting back, with contacts pointing to healthy or improving growth this year and into 2026.

JFrog ( FROG ) still faces some risk from AI-related competition, but customer feedback suggests the company remains hard to replace because of its strong product position, low cost and clear value.

AI-led code updates and increased use of open source software could lift customer spending on JFrog ( FROG ) by about 30% over the next two to three years, the investment firm said.

UBS raised the company's rating to buy from neutral with a $60 price target, citing an attractive risk and reward following a roughly 30% drop in the stock since early December.

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