10 Best Performing Software Stocks to Buy According to Analysts

6. JFrog Ltd. (NASDAQ:FROG)

YTD returns: 25%

Potential Upside: 25%

Number of Hedge Fund Holders: 32

JFrog Ltd. (NASDAQ:FROG) is a DevOps company that provides a hybrid, universal, end-to-end software supply chain platform to ensure secure and seamless software updates from code to production. The company focuses on its vision of “Liquid Software,” enabling always-on, always-current software.

Weaker financial results reported in 2024 led to a 15% decline in JFrog Ltd. (NASDAQ:FROG)’s stock in 2024. However, the company saw a significant turnaround in early 2025, with strong Q4 2024 earnings reported on February 13. Both revenue of $116 million and EPS of $0.19 exceeded analyst expectations, while deal wins also came in stronger than anticipated.

Further boosting sentiment, a day before earnings, JFrog Ltd. (NASDAQ:FROG) announced a collaboration agreement with Amazon Web Services (AWS) to help enterprise customers migrate workloads to AWS and maximize the value of their cloud-based software supply chain investments. These positive developments have driven a 25% year-to-date gain in the stock. Analyst’s outlook on the stock is broadly positive currently with consensus price target of $46 reflecting a 25% upside.